Ingeneral,elasticityisameasureof
A: the extent to which advances in technology are adopted by producers.
B: the extent to which a market is competitive.
C: how firms’ profits respond to changes in market prices.
D: how much buyers and sellers respond to changes in market conditions.
A: the extent to which advances in technology are adopted by producers.
B: the extent to which a market is competitive.
C: how firms’ profits respond to changes in market prices.
D: how much buyers and sellers respond to changes in market conditions.
举一反三
- Ingeneral,elasticityis A: the friction that develops between buyers and sellers in a market. B: a measure of how much government intervention is prevalent in a market. C: a measure of how competitive a market is. D: a measure of how much buyers and sellers respond to changes in market conditions.
- Market research is used to_______. A: describe existing market conditions B: explain certain market behavio C: predict how consumers might respond to new products D: predict changes in marketing mixes
- 18) According to the circular flow model A: . in the market for goods and services, households are buyers and firms are sellers. B: . the market for goods and services, households are sellers and firms are buyers. C: . in the market for factors of production, households are buyers and firms are sellers. D: . firms are the owners of the factors of production.
- In a competitive market, no single producer can influence the market price because A: many other sellers are offering a product that is essentially identical. B: consumers have more influence over the market price than producers do. C: government intervention prevents firms from influencing price. D: producers agree not to change the price.
- If sellers respond substantially to changes in price, then