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If the price elasticity of a good is less than 1(E<1) it is considered ().
发布时间:
2024-06-21 11:23:15
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相关试题
1.
_____ defined as inelastic demand, situation in which a price change leads to a less than proportionate change in quantity demand. 选项: A、Absolute value of the price elasticity is more than 1 B、Absolute value of the price elasticity equals 1 C、Absolute value of the price elasticity is less than 1 D、Absolute value of the price elasticity equals 0
2.
You would expect the price elasticity of demand for transportation generally to be:选项: A:less than price elasticity of the demand for bus tickets.; B:greater than price elasticity of the demand for bus tickets.; C:greater than price elasticity of the demand for bus tickets when bus tickets are expensive, but less than price elasticity of the demand for bus tickets when the prices of bus tickets fall.; D:the same as price elasticity of the demand for bus tickets.
3.
To determine whether a good is considered normal or inferior, one could examine the value of theA.income elasticity of demand for that good.B.price elasticity of demand for that good.C.price elasticity of supply for that good.D.cross-price elasticity of demand for that good.
4.
The demand for a good is elastic if the price elasticity of demand is:选项: A:less than one.; B:equal to zero.; C:equal to one.; D:greater than one.
5.
Which of the following statements about the price elasticity of demand is correct?选项: A:The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.; B:Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer tastes.; C:Other things equal, if good x has close substitutes and good y does not have close substitutes, then the demand for good x will be more elastic than the demand for good y.; D:All of the above are correct.
6.
3) If price elasticity is greater than 1, demand is said to be inelastic.选项: A:正确; B:错误
7.
The percent change in demand for a good divided by the percent change in the price of another good is known as the: 选项: A: price elasticity of demand. B: cross price elasticity of demand. C: income elasticity of demand.
8.
A monopolist faces a constant marginal cost of $1 per unit. If at the price he is charging,the price elasticity of demand for the monopolist's output is -0.5, then:选项: A:the price he is charging must be 2. B:the price he is charging must exceed 2. C:the price he is charging must be less than 2. D:the monopolist can not be maximizing profits.
9.
When quantity moves proportionately the same amount as price, demand is__.A.perfectly elastic, and the price elasticity of demand is infinitely largeB.elastic, and the price elasticity of demand is 1C.unit elastic, and the price elasticity of demand is 1D.perfectly inelastic, and the price elasticity of demand is 0
10.
If price elasticity of demand is 2.0, this implies that consumers would ( )选项: A:buy twice as much of the good if price falls by 10 percent.; B:require a 2 percent cut in price to raise quantity demanded of the good by 1 percent.; C:buy 2 percent more of the good in response to a 1 percent cut in price.; D:require at least a $2 increase in price before showing any response to the price increase.
11.
The percent change in demand for a good divided by the percent change in the price of another good is known as the: A. cross price elasticity of demand. B. income elasticity of demand. C. price elasticity of demand.
12.
The price elasticity of demand equals 1:选项: A:whenever the slope of a straight-line demand curve equals zero.; B:whenever the slope of a straight-line demand curve is less than 1 in absolute value.; C:at the midpoint of a straight-line demand curve.; D:whenever the slope of a straight-line demand curve is greater than 1 in absolute value.
13.
A cup of coffee is _____ than dinner out at a fancy restaurant because _____. 选项: A、less price elastic; it is a smaller portion of one's income B、more price elastic; it is a smaller portion of one's income C、less price elastic; it is more of a luxury good D、more price elastic; it is more of a luxury good
14.
The cross-price elasticity of demand between two goods that are substitutes can never be:选项: A:greater than one.; B:less than one.; C:positive.; D:negative.
15.
The percentage change in quantity demanded that results from a 1 percent change in price is known as the: 选项: A:price elasticity of supply.; B: price elasticity of demand. ; C:income elasticity of demand. ; D:crossprice elasticity of demand.
16.
The table above gives the demand schedule for peas. Which of the following statements correctly describes the price elasticity of demand? 选项: A、 The price elasticity of demand is larger at point A than at point B. B、 The price elasticity of demand is larger at point D than at point A. C、 The price elasticity of demand is constant because the slope is constant. D、 The price elasticity of demand increases moving from point A to point B to point C to point D to point E.
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