结果1 题目If the quantity demanded of bananas increases by 10% when its pricedecreases by 25%, then the price elasticity of banana demand, Ed, is A. 0.15. B. 0.4. C. 0.35. D. 1.25. 相关知识点: 试题来源: 解析 B 反馈 收藏
C. The income effect increases the quantity consumed, but the substitution effect may increase or decrease the quantity demanded. 正确答案:B 分享到: 答案解析: The substitution effect is a shift in consumption toward a larger quantity of a good that decreases in price. A decrease in the ...
When supply increases and demand decreases, prices fall. Prices reflect the relationship with supply and demand and a surge in products made that is...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough...
This paper develops an analytical model to study the impact of snobbish (exclusivity-seeking) consumer behavior on a firm's price and quantity decisions. We consider a profit-maximizing monopoly firm selling a product over two periods to two segments of consumers (with high and low valuation of...
Suppose that when the price of good X increases from 600 to 720, the quantity demanded of good Y decreases from 67 to 15. Using the midpoint method, the cross-price elasticity of demand is about A. 6.98, and X and Y are substitutes.# B. –0.14, and X and Y are complements.# C...
Equilibrium quantity must decrease when demand ___. A、increases and supply does not change, when demand does not change and supply decreases, and when both demand and supply decrease B、increases and supply does not change, when demand doe
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 happens when demand is elastic? If demand increases what economic explanation occurs? What...
4、If the quantity demanded of pears falls by 4% when the price of apples decreases by 3%, thenapples and pears are best described as:【单选题】 A. inferior goods. B. complements. C. substitutes. 相关知识点: 试题来源: 解析 C The cross elasticity of demand is defined as the ...
So you can see there’s a definite relationship between the price of a good and the quantity demanded. The connection between price and quantity is clear. When the price of a good is raised, consumer demand for it goes down. But when the price falls, demand increases, as more people ...
2 (2) How consumers are allocated between green and brown thus depends on the price gap pG − pB and the quality gap qG − qB . When ̄ > 0 , at given prices and qualities, a loftier environmental ideology leads more consumers to buy green because ̄ decreases when increases...