If, as income increases, the demand for product X decreases, X is said to be a/an______. A. substitute good B. complementary good C. inferior good D. normal good 相关知识点: 试题来源: 解析 C 正确答案:C解析:答案为C项。substitute
A. if the supply decreases and the demand remains the same, the equilibrium price will rise; B. if supply increases and demand decreases, equilibrium prices will fall; C. if demand increases and supply decreases, equilibrium prices will rise; D. if demand decreases and supply increases, E. ...
Suppose that supply increases and demand decreases. What effect will this have on price and quantity? A. Price will increase and quantity may rise or fall. B. Price will decrease and quantity will i What is demand? How does a change in price impact the behavior of consumers? What happens...
If a 10 percent increase in price decreases the quantity demanded by 12 percent, the price elasticity of demand is ___. If the price elasticity of demand for a good is 4.0, then how does a 12 percent decrease in price affect the quantity de...
If the price elasticity of demand is -1.2. Is this demand elastic or inelastic?Price Elasticity of Demand:Price elasticity of demand (PED) is a measure of how responsive demand is to a change in the price of the good. It is calculated as the percentage change in the quantity...
If the equation for the demand curve is q = 40-2p; then marginal revenue decreases in the quantity demanded. ( ) 相关知识点: 试题来源: 解析 对 需求函数为q=40-2p,转换为价格函数得p=20-0.5q。总收益TR=p×q=20q-0.5q²。对TR求导得边际收益MR=20-q。MR是关于q的线性递减函数(斜率为-...
百度试题 题目If the demand for a good decreases as income decreases, it is a(n): A.normal good. B.substitute good. C.complementary good. D.inferior good.相关知识点: 试题来源: 解析 normal good.反馈 收藏
If the market demand for a product decreases in a competitive market, then the quantity supplied by an individual firm will: A.decrease and firms will exit the market in the long run.B.decrease and firms will enter the market in the long run.C.increase and firms will enter the market in...
infrastructure spending, purchases of goods and grants. It does not include monetary policy, which is the actions of the central bank to affect the nation's currency. Fiscal policy also includes taxes. Increases in spending or decreases in taxes translate to an increase in aggregate demand, and...
Total revenue function is a function of output since the price function (the demand curve) is a function of output. At maximum total revenue, the marginal revenue (first derivative of revenue function with respect to output) is zero. Answer and Explanat...