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
D. Price decreases, quantity remains constant Step 1 The correct answer isC. Price increases, quantity increases. View the full answer Step 2 Unlock Answer Unlock Previous questionNext question Not the question you’re looking for? Post any question and...
百度试题 结果1 题目When something decreases,it becomes less in quantity or size. 含义:相关知识点: 试题来源: 解析 答案:减少 反馈 收藏
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 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...
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...
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...
Initially, the ice cream market is in equilibrium (e_1) at price (P_1) and quantity(Q_1). But later the demand for ice cream increases due to hot...Become a member and unlock all Study Answers Start today. Try it now ...
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 ...
When total revenue is maximum, marginal revenue is also maximum. View Solution The quantity demanded increases from 100 units to 200 units when the price decreases from ₹12 to ₹ 10. Calculate the elasticity of deamand. View Solution ...