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.
举一反三
- If the price elasticity of demand for opera tickets in Chicago is 1.00, then the demand for opera tickets in Chicago is
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above
- The essence of the change in demand and the change in demand is<br/>whether it is the change in the price of the commodity. ( )
- If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
- 中国大学MOOC: When a body is caused to change its shape, the distorting force is proportional to the amount of the change, __________ the elastic limit is not exceeded.