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Price elasticity of demand for a good will most likely be greater if:
选项：

A: there are no substitutes for the good.
B: consumers consider the good as discretionary.
C: consumers spend a small portion of their budget on the good.

发布时间：2024-06-21 10:42:17

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相关试题

1.If a good has a price inelastic demand, then which of the following is not likely to be characteristic of this good? 选项： A、. The good is a necessity and is relatively unimportant in the household budget. B、. There are many substitutes for the good. C、. Consumers spend a small percentage of their income on the good. D、. Consumers do not have much time to adjust to market changes.
2. The elasticity of demand for a good is most likely greater when: 选项： A、 a lesser proportion of income is spent on the good. B、 the good is a necessity. C、 the adjustment to a price change takes a longer time.
3.When the relative price of a good increases, consumers respond by buying( ) 选项： A、a larger quantity of that good and a larger quantity of substitutes for that good. B、a larger quantity of that good and a smaller quantity of substitutes for that good. C、a smaller quantity of that good and a larger quantity of substitutes for that good. D、a smaller quantity of that good and a smaller quantity of substitutes for that good.
4.If the demand curve for a good is a downward sloping straight line, the demand for the good will be more price elastic the higher is theA．price of the good.B．price of complements.C．income of consumers.D．income elasticity of demand for that good.
5.Which of the following is most likely a factor that influences the elasticity of supply for a good A: The availability of substitute productive resources. B: The price of the productive resources used to produce it. C: The proportion of consumers" budgets spent on the good.
6.The price elasticity of demand measures (　　) 选项： A: buyers’ responsiveness to a change in the price of a good. B: the extent to which demand increases as additional buyers enter the market. C: how much more of a good consumers will demand when incomes rise. D: the movement along a supply curve when there is a change in demand.
7. An important determinant of the price elasticity of supply is 选项： A、 whether the good is a durable or a nondurable. B、 the time period firms have to adjust to a new price. C、 how well consumers like the commodity. D、 the proportion of the consumer's total budget spent on the good.
8.The downward slope of a demand curve 选项： A: represents the law of demand. B: shows that as the price of a good rises, consumers increase the quantity they demand. C: indicates how the quantity demanded changes when incomes rise and the good is a normal good. D: indicates how demand changes when incomes rise and the good is a normal good.
9.Which of the following statements about the elasticity of demand is least accurate（）选项： A、The most important determinant of price elasticity of demand is the availability of substitutes. B、Prices are more elastic in the long run than in the short run. C、When demand is inelastic, an increase in price will cause a decrease in the total expenditure on a good.
10.The price elasticity of demand measures选项： A:a. buyers’ responsiveness to a change in the price of a good.; B:b. the extent to which demand increases as additional buyers enter the market.; C:c. how much more of a good consumers will demand when incomes rise.; D:d. the movement along a supply curve when there is a change in demand.
11.The closer the substitutes for a good, the 选项： A、more elastic is the demand for the good. B、 less elastic is the demand for the good. C、 smaller the degree of substitutability between the goods. D、 larger the proportion of income that is spent on the good.
12.If we observe a decrease in the price of a good and an increase in the amount of the good bought and sold, this could be explained by a(n): 选项： A、increase in the supply of the good. B、increase in the demand for the good. C、decrease in the demand for the good. D、decrease in the supply of the good.
13.If the price of product X falls and this change increases the demand for product Y, then 选项： A、X and Y are complements. B、X and Y are substitutes. C、X is an inferior good. D、Y is an inferior good.

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Price elasticity of demand for a good will most likely be greater if: 选项： A: there are no substitutes for the good. B: consumers consider the good as discretionary. C: consumers spend a small portion of their budget on the good.

Price elasticity of demand for a good will most likely be greater if:
选项：

A: there are no substitutes for the good.
B: consumers consider the good as discretionary.
C: consumers spend a small portion of their budget on the good.