Ryansaysthathewouldbuyonecupofcoffeeeverydayregardlessoftheprice.Ifheistellingthetruth,Ryan’s
A: demand for coffee is perfectly inelastic.
B: price elasticity of demand for coffee is 1.
C: income elasticity of demand for coffee is 0.
D: None of the above answers is correct.
A: demand for coffee is perfectly inelastic.
B: price elasticity of demand for coffee is 1.
C: income elasticity of demand for coffee is 0.
D: None of the above answers is correct.
举一反三
- For a horizontal demand curve, A: the slope is undefined, and the price elasticity of demand is equal to 0. B: the slope is equal to 0, and the price elasticity of demand is undefined. C: both the slope and price elasticity of demand are undefined. D: both the slope and price elasticity of demand are equal to 0.
- When demand is inelastic the price elasticity of demand is
- The Marshall-Lerner condition applies only if ηx+ηm > 1, in whichηx+ηm is ( ) A: supply price elasticity of domestic import and export commodities B: demand income elasticity of domestic imports and exports commodities C: expected Elasticity of demand for domestic imports and exports commodities D: demand price elasticity of domestic imports and exports commodities
- The Marshall-Lerner condition applies only if ηx+ηm > 1, in whichηx+ηm is ( ) A: supply price elasticity of domestic import and export commodities B: demand income elasticity of domestic imports and exports commodities C: expected Elasticity of demand for domestic imports and exports commodities D: demand price elasticity of domestic imports and exports commodities
- In B2B markets, the demand for coffee beans is related to the demand for coffee machines. This example reflects elastic demand.