题目 If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be: A.elastic. B.perfectly elastic. C.unit elastic. D.inelastic. 相关知识点: 试题来源: 解析 inelastic. 反馈 收藏 ...
On the supply - demand curve graph, when the price of a complementary good increases, what will happen to the demand curve of the main good? A. Shift to the right B. Shift to the left C. Remain unchanged D. Become a horizontal line 相关知识点: ...
What happens when the price of a good increases? Prices: Prices, in a free market, reflect and are determined by the points at which the supply of goods and the demand for goods intersect. Consumers seek to maximize the use of their income for the goods and services they require and prod...
When the price of a good rises from 20rs per unit to 30rs per unit, the revenue of the firm producing this good rises from 100rs to 300rs. Calculate the price elasticity of supply. View Solution When the price of a good rises form Rs 20 per unit to Rs 30 per unit, the revenue ...
When the relative price of a good increases, consumers will respond by buyingA.a larger quantity of that good and a larger quantity of substitutes for that good.B.a larger quantity of that good and a smaller quantity of substitutes for that good.C.a smal
Good x is an inferior good, but not a Giffen good. When the price of x increases, the consumer will consumea. more x.b. the same amount of x.c. less x.d. more or less x depending on the size of the incomeeffect relative to the size of the substitution effect.ANS: C PTS: 1...
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...
When price of a good rises from Rs. 10 to Rs. 12 per uint, the producer supplies10%more. Calculate price elasticity of supply. Quantity supplied of a commodity increases by50%when its price rises from8rsper unit to10rsper unit. Calculate elasticity of supply. ...
When the price of a good falls, we know exactly what will happen to consumer spending on that good. True False Explain. Movement along the Demand Curve: Movement along the demand curve occurs when there's only change in price. Other factors, o...
单项选择题 ___ is the capital city of Scotland. A.Belfast B.Edinburgh C.London D.Cardiff 点击查看完整答案 手机看题 问答题 If consumers can easily switch to a close substitute when the price of a good increases, demand for that good is likely to be: 答案: A.perfectly inelastic.B.el...