The price of eggs in a small town yesterday is ￥30 per dozen, and its quantity supplied is 8 dozens. But the price rise to ￥50 per dozen, and the quantity supplied is also rise to 12 dozens per day. Please calculate the elasticity of supply about eggs in the town.
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- Mr. Smith _______ me to buy several _______ eggs for the dinner. A: asked; dozen B: suggested; dozens of C: had; dozen D: persuaded; dozens
- 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.
- If the percentage change in the price of a good exceeds the percentage change in the quantity supplied, then the supply is
- The supply curve for bonds has the usual upward slope, indicating that as the price _________, ceteris paribus, the _________ increases. A: falls; supply B: falls; quantity supplied C: rises; supply D: rises; quantity supplied
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