举一反三
- If the price of oak lumber increases, what happens to consumer surplus in the market for oak cabinets?
- If the price of oak lumber increases, what happens to consumer<br/>surplus in the market for oak cabinets? () A: Consumer<br/>surplus increases. B: Consumer<br/>surplus decreases. C: Consumer<br/>surplus will not change consumer surplus; only producer surplus<br/>changes. D: Consumer<br/>surplus depends on what event led to the increase in the price of oak<br/>lumber.
- What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell?
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above
- If the U.S. Surgeon General announced that increased grapefruit juice consumption could help prevent heart attacks, what would happen to the equilibrium price and quantity of grapefruit juice? A: Price and quantity both increase. B: Price and quantity both decrease. C: Price increases but quantity decreases. D: Price decreases but quantity increases.
内容
- 0
Suppose that the current price in a market for Pizza is $9. At that price, the quantity demanded is 519 and the quantity supplied is 400. In this market, we would expect that:
- 1
Tables are made of _______. A: wood B: woods C: a wood. D: the wood
- 2
If the price of the capital-intensive product rises more than does the price of the land intensive product, then
- 3
Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a_______. A: shortage to exist and the market price of roses to increase. B: shortage to exist and the market price of roses to decrease. C: surplus to exist and the market price of roses to increase. D: surplus to exist and the market price of roses to decrease.
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Which of the following would occur if a single farm in perfect competition lowered its price below the long-run equilibrium market price?