• 2022-05-31
    Because of the oversupply, the price of this commodity _____ .
    A: plunged
    B: increased
    C: ascended
    D: dropped
  • D

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    • 0

      The price formed in the commodity exchange is( ) A: “Free market” price B: “Closed market” price C: International market price D: Semi-closed market price

    • 1

      In international market, which of the following is (and/or are) “closed market” prices( ) A: Agreement price B: Monopoly price C: Commodity exchange price D: Transfer price

    • 2

      There would be a power cut so we were astonished when the whole house was ______ into darkness. A: dropped B: dived C: drowned D: plunged

    • 3

      If all other conditions remain the same, when the price of the Y commodity substitute Y commodity rises, the demand for X commodity will A: increase B: reduce C: unchanged D: difficult to determine

    • 4

      If the price of a commodity changes by 3% and the quantity supplied<br/>changes by 2%, the supply of the commodity ( ) A: inelastic B: elastic C: unit elastic D: completely inelastic