|E_{P_x}^d|<1, demand isinelastic(缺乏弹性),即商品自身价格变化1%时,商品的需求变化小于1% perfectly inelastic,需求曲线是垂直的,即不管价格怎么变,需求恒定(需求完全对价格变化免疫)。 perfectly elastic,需求曲线是水平的,在一个给定的价格时,需求随机变化( It implies that even a minute price increase ...
百度试题 题目Demand is said to be inelastic if___.相关知识点: 试题来源: 解析 the quantity demanded changes only slightly when the price of the good changes
Demand is said to be inelastic if___. A. demand shifts only slightly when the price of the good changes B. the price of the good responds only slightly to changes in demand C. the quantity demanded changes only slightly when the price of the good changes D. buyers respond substantia...
A price ceiling will be binding only if it is set a. equal to equilibrium price. b. above equilibrium price. c. below equilibrium price. d. none of the above; a price ceiling is never binding. ANS: C 28. When demand is inelastic within a certain price range, then within that price...
Demand is elastic if {eq}\varepsilon < -1 {/eq}. This means that demand is relatively sensitive, and changes in price have a proportionally larger effect on demand. Demand is inelastic if {eq}-1 < \varepsilon < 0 {/eq}. This means that demand is relatively insensitive, meaning change...
仅供学习使用精品教学资源 仅供学习使用微观经济学(第九版)英文版练习题及答案chapter 10 精品教学资源 仅供学习使用 Microeconomics, 9e (Pindyck/Rubinfeld) Chapter 10 Market Power: Monopoly and Monopsony 10.1 Monopoly 1) When the demand curve is downward sloping, marginal revenue is: A) equal to price...
If demand elasticity < 1 then demand is inelastic = 1 unit elastic > 1 elasticGraphs of Perfectly Elastic and Perfectly Inelastic Demand Perfectly Elastic Demand (Graph #1): Elasticity = ∞. Above price Pe, there is no demand. At Pe, the market demand equals the quantity provided. Below Pe...
demand is said to be inelastic if a,buyers respond substantially to changes in the price of the good. b,demand shifts only slightly when the price of the good changes. c,the quantity demanded changes only slightly when the price of the good changes. d,the price of the good responds only...
1. If fall in price of a commodity causes total expenditure (or total revenue) to increase, demand for the good is elastic (ep> 1). 2. If fall in price of a commodity causes total expenditure (or total revenue) on a commodity to decrease, demand for the commodity is inelastic (...
An inelastic demand is demand for a product that does not fluctuate on the basis of price and supply. Unlike most other types...