A: the individual's income
B: the price of X.
C: the price of some other goods.
D: all of the above.
E: answers a and b, only
举一反三
- The demand for goods depends totally on the price of demanded goods.
- If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
- Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent decrease in the quantity of X demanded. Price elasticity of demand for X is
- If the market price of a good is below the equilibrium price ______ A: quantity demanded Hill exceed quantity supplied, resulting in a shortage. B: quantity demanded Hill exceed quantity supplied, resulting in a surplus. C: quantity supplied will exceed quantity demanded, resulting in a shortage. D: quantity supplied will exceed quantity demanded, resulting in a surplus. E: the supply curve will shift to the left and the demand curve will shift to the right.
- The relative price of a good is A: an opportunity cost. B: equal to the money price of a good. C: equal to the price of that good divided by the quantity demanded of the good. D: what you get paid for babysitting your cousin.
内容
- 0
Frequently, in the short run, the quantity supplied of a good is_________. A: impossible, or nearly impossible, to measure B: not very responsive to price changes C: determined by psychological forces and other non-economic forces D: determined by the quantity demanded of the good
- 1
Our goods are of best ( ) and lowest ( ). A: quality; quantity B: quality; price C: price; quality D: price; quantity
- 2
The price of leisure is an individual's wage, and this is the opportunity cost of not working.
- 3
【单选题】Andi uses all of her income to purchase books and games. At any two points A and B on Andi’s budget constraint, A. Andi is spending all of her income on books and games. B. Andi is spending one half of her income on books and the other half of her income on games. C. the price of books relative to the price of games is different. D. All of the above are correct.
- 4
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