【題目】 Economic scarcity arises from exploration inefficient production limited wants and limitless resources. limited resources and limitless wants.----答案
【題目】 Suppose that the price of eggs increases from 75 cents to $1.00 per dozen and as a result a typical farmer experiences a decrease in egg sales from 300 to 200 dozen per week. Using the method of average values, the price elasticity of demand is 3.0 1 ...
【題目】 Which of the following factors would not cause the demand curve for a given product to shift? Changes in income. Changes in price.---答案 Changes in the distribution of income. Changes in the price of a related good. ...
【題目】 The supply curve for a good or service shows the sellers’ target price. average acceptable price. minimum acceptable price.--答案 maximum acceptable price.
【題目】 When marginal profit equals zero. the firm can increase profits by increasing out put. the firm cannot exercise price discrimination. profit is maximized. ----答案 the firm can increase profits by decreasing out put. ...
【題目】 When demand increases and supply decreases, the equilibrium price falls, and the equilibrium quantity might increase, decrease, or remain constant. equilibrium quantity decreases, and the equilibrium price might rise, fall, or remain constant. &n ...
【題目】 If a price increase of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be and the cross elasticity of demand equals substitutes; 0.4. -----答案 complements;- 0.4 substitutes; 2.5. &nb ...
【題目】 If cigarettes and marijuana had been found to be substitutes, a tax placed on cigarettes would increase the quantity demanded of marijuana. decrease the demand for marijuana. decrease the quantity demanded of marijuana. incr ...
【題目】 Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), where Q=quantity, P=price, I=income, and a, b, and c are positive constants. The income and price elasticities for the demand curve represented above are always constant. -- ...