The essence of the change in demand and the change in demand is
whether it is the change in the price of the commodity. ( )
whether it is the change in the price of the commodity. ( )
举一反三
- In the case of homothetic preferences the entire change in demand from a price change is due to the substitution effect.
- Predictable variability is A: change in demand that can be forecasted. B: change in demand that cannot be forecasted. C: change in demand that has been planned. D: change in demand that has been scheduled. E: all of the above
- The long run income elasticity of demand for movie theater tickets is 3.42. That means that the proportional change in price will exceed the proportional change in quantity.
- Of the following factors, all, except （ ） , can influence the change in the supply of a particular commodity. A: technology B: the price of inputs (cost) C: expectations D: the price of the commodity itself
- Predictable variability is change in demand that cannot be forecasted.