Frequently, in the short run, the quantity supplied of a good is_________.
A: impossible, or nearly impossible, to measure
B: not very responsive to price changes
C: determined by psychological forces and other non-economic forces
D: determined by the quantity demanded of the good
A: impossible, or nearly impossible, to measure
B: not very responsive to price changes
C: determined by psychological forces and other non-economic forces
D: determined by the quantity demanded of the good
举一反三
- 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.
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- If the percentage change in the price of a good exceeds the percentage change in the quantity supplied, then the supply is
- If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
- Suppose that the current price in a market for Pizza is $9. At that price, the quantity demanded is 519 and the quantity supplied is 400. In this market, we would expect that: