The longer the time that has elapsed since a price change, the more elastic demand is. For example, if gas prices rise, consumers cannot quickly change their mode of transportation but will likely do so in the longer run.反馈 收藏
结果1 题目 If the demand for a product is elastic, a price increase will result in A. an indeterminate change in revenue. B. a decrease in total revenue. C. an increase in total revenue. D. no change in total revenue. 相关知识点: 试题来源: 解析 B 反馈 收藏 ...
Price elasticity of demand measures the likelihood of demand react to the variation of price. Demand Elasticity is either classified as "elastic," "inelastic," or "unit elastic." Answer and Explanation:1 Demand is elastic if the value of the price elasticity of demand ...
(in absolute value): that is, changes in price have a relatively small effect on the quantity of the good demanded. The demand for a good is said to be elastic (or relatively elastic) when its PED is greater than one ( 当PED少于一个是 (按绝对值时,) 对好需求被认为无弹性 (或相对地...
aA) Explain the GDP gap. ) 解释国民生产总值空白。 [translate] aare better off 是更好的 [translate] amarginal revenue (MR). For each price, indicate whether demand is elastic, unit elastic or 边际收入 (先生) 为每个价格,表明需求是否是有弹性的,单位有弹性或 [translate] ...
答案解析:“Demand and Supply Analysis: Introduction,” Richard V. Eastin and Gary L. ArbogastC is correct. The longer the time that has elapsed since a price change, the more elastic demand is. For example, if gas prices rise, consumers cannot quickly change their mode of transportation but...
If the demand for a product is elastic, a small increase in price will lead to ___. A. a large increase in quantity demanded B. a small increase in quantity demanded C. a large decrease in quantity demanded D. no change in quantity demanded 相关知识...
This paper investigates the magnitude of the elasticity of demand for labor in time series data using more general and complete models of demand than have beenClark, Kim B.Freeman, Richard B.Social Science Electronic PublishingClark, K. and Freeman, R. (1980). `How Elastic is the Demand ...
The demand for a good is unit elastic with respect to price if the price elasticity of demand is: A.less than one. B.greater than negative one. C.equal to one. D.greater than one. 温馨提示:多一点细心,少一点后悔! 正确答案 点击免费查看答案 ...
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