A: demand
is elastic.
B: demand
is inelastic.
C: demand
is unit elastic.
D: All
of the above are possible.
举一反三
- As a result of running high temperature this summer in the south of China, the corn crop declined sharply. If corn growers experienced an increase in sales revenue, the demand for corn must be ( ) A: price elastic. B: price inelastic. C: unitary elastic. D: perfectly inelastic.
- An increase in demand for a good will lead to a larger increase in price if the supply is relatively elastic.
- If the demand for orange juice is elastic, then as the price falls, quantity demanded for orange juice will ________ and total revenue for orange suppliers will ________. A: increase; increase B: decrease; increase C: decrease; decrease D: increase; decrease
- If corn farmers know that the demand for corn is inelastic, and they want to increase their total revenue, they should all
- If there are very few, if any, good substitutes for good A, then (). A: supply of good A would tend to be price elastic. B: demand for good A would tend to be price inelastic. C: demand for good A would tend to be price elastic. D: demand for good A would tend to be income elastic.
内容
- 0
Since<br/>the amount of land is fixed, the total supply of land<br/>is_____________ A: relatively<br/>elastic. B: perfectly<br/>elastic. C: perfectly<br/>inelastic. D: relatively<br/>inelastic.
- 1
To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________. A: elastic; price equals marginal cost B: elastic; marginal revenue equals marginal cost C: inelastic; price equals marginal revenue D: inelastic; marginal revenue equals marginal cost
- 2
If the demand for orange juice is elastic, then as the price falls, quantity demanded for orange juice will ________ and total revenue for orange suppliers will ________.
- 3
If corn farmers know that the demand for corn is inelastic, and they<br/>want to increase their total revenue, they should all: () A: plant<br/>more corn so that they would be able to sell more each year. B: increase<br/>spending on fertilizer in an attempt to produce more corn on the<br/>acres they farm. C: reduce<br/>the number of acres they plant in corn. D: contribute<br/>to a fund that promotes technological advances in corn production.
- 4
When<br/>taxes increase, consumption () A: decreases<br/>as shown by a movement to the left along a given aggregate demand<br/>curve. B: decreases<br/>as shown by shifting aggregate demand to the left. C: increases<br/>as shown by shifting aggregate supply the left. D: None<br/>of the above is correct.