If the price elasticity of demand for tuna is 0.7, then a 1.5% increase in the price of tuna will decrease the quantity demanded of tuna by A. 1.05%, and tuna sellers' total revenue will increase as a result. B. 1.05%, and tuna sellers' total revenue will decrease as a result. C...
If the price elasticity of demand for a good is 4.0, then a 10% increase in price would result in a: A. 40% decrease in the quantity demanded. B. 4% decrease in the quantity demanded. C. 10% decrease in the quantity demanded. ...
If the price elasticity of demand for a good is 4.0, then a 10 percent increase in price would result in a:() A. 4% decrease in the quantity demanded. B. 10% decrease in the quantity demanded. C. 40% decrease in the quantity demanded. 相关知识点: 试题来源: 解析 C Price ela...
If the price elasticity of demand for a good is 4.0, then a 10 percent increase in price results in a A. 0.4 percent decrease in the quantity demanded. B. 2.5 percent decrease in the quantity demanded. C. 4 percent decrease in the quantity demanded. D. 40 percent decrease in the ...
Suppose an increase in the price of hamburger from $3 to $4 leads to an increase in quantity supplied from 100 units to 150 units. At the original price, the price elasticity of supply for hamburgers is _ so supply is _. A.2/3; elastic...
If the price of milk increased by 5 percent because of an increase in the demand for milk, and the quantity of milk supplied increased by 7 percent, A. the supply curve of milk has shifted rightward. B. the price elasticity of supply of milk is greater than one. C. milk is more ...
Given the following possibilities, which one results in an increase in total consumer expenditures() A. demand is unitary elastic and price falls. B. demand is elastic and price rises. C. demand is inelastic and price rises. 答案 C Total expenditures and price elasticity of demand: When deman...
A worldwide drought could increase the total revenue of farmers if the price elasticity of demand for grain is inelastic. The drought reduces the supply of grain, but if demand is inelastic, the reduction of supply causes a large increase in price. Total farm revenue would rise as a result...
If the price elasticity of demand for a good is 4.0, then a 10 percent increase in price results in a A、0.4 percent decrease in the quantity demanded. B、2.5 percent decrease in the quantity demanded. C、4 percent decrease in the quantity demanded. D、4
结果1 题目 A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is A. 0.5. B. 2.0. C. 10.0. D. 20.0. 相关知识点: 试题来源: 解析 B 反馈 收藏 ...