If the pric. of product X increases from 2.0. per unit to 2.25 per unit, the demand will decreas. from 7.5 million units to 6.7 million units. What is the price elasticity of demand for the product, and is the demand for the product elastic or inelastic() ...
结果1 题目If the price of a scooter increases by 20 percent and the quantity supplied of scooters increases by 30 percent, then supply is 相关知识点: 试题来源: 解析 elastic and the elasticity of supply equals 1.5. 解析见答案 反馈 收藏 ...
C. increases (shifts to the right). 正确答案:B 分享到: 答案解析: A price change causes movement along the demand curve to a different equilibrium quantity, but does not shift the demand curve. 统计:共计135人答过,平均正确率63.70% 问题:进入高顿部落发帖帮助...
If price rises, what happens to demand for a product? � Demand and Supply: Demand and supply entail the relationship between the quantity that consumers are willing and able to buy and the quantity that the sellers are willing to sell. When the quantity demanded is the same as the quan...
If the supply of a product increases, we would expect equilibrium priceA.to increase and equilibrium quantity to decrease.B.to decrease and equilibrium quantity to increase.C.and equilibrium quantity to both increase.D.and equilibrium quantity to both de
百度试题 结果1 题目If the price of a good increases, the market demand curve for the good: A. decreases (shift. to the left). B. does not shift. C. increases (shifts to the right). 相关知识点: 试题来源: 解析 B 反馈 收藏 ...
If the market demand for a product increases in a competitive market, then in the short run the quantity supplied by an individual firm will:() A. decrease and the firm will generate economic profits. B. increase and the firm will generate economic profits. C. increase and the firm will ...
If the market demand for a product increases in a competitive market, then in the short run the quantity supplied by an individual firm will: A.decrease and the firm will generate economic profits.B.increase and the firm will generate economic profits.C.increase and the firm will generate eco...
If the price of pasta increases and a consumer buys more pasta, we can infer thatA. a. pasta is a normal good, and the income effect is greater than the substitution effect. B. b. pasta is a normal good, and the substitution effect is greater than the income effect. C. c. pasta ...
Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:A.the change in total expenditure, if any, would depend on the supply curve.B.total expenditure would stay the same.C.total expenditure would increase.D.total expenditure wo