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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 the
A:price of the good.
B:price of complements.
C:income of consumers.
D:income elasticity of demand for that good.

发布时间：2024-06-21 10:34:55

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1.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.
2.If the demand curve is a downward-sloping straight line, then the price elasticity of demand is constant all along the demand curve.选项： A:对 B:错
3. If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the 选项： A、 higher the price of oranges. B、 higher the price of other fruits. C、 higher the income level of consumers. D、 lower the price of oranges.
4.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.
5.If income decreases or the price of a complement rises 选项： A、the demand curve for a normal good shifts leftward. B、the demand curve for a normal good shifts rightward. C、there is an upward movement along the demand curve for the good. D、there is a downward movement along the demand curve for the good.
6.A demand curve is the 选项： A、curve that relates income with quantity demanded. B、upward-sloping line relating price with quantity supplied. C、downward-sloping line relating the price of the good with the quantity demanded. D、downward-sloping line relating the price of the good with the quantity supplied.
7.Which of the following is correct? ____. 选项： A、All linear demand curves have a constant slope and a constant price elasticity of demand B、The price elasticity of demand changes while moving along a downward-sloping linear demand curve C、The magnitude of the slope of all linear demand curves is equal to the price elasticity of demand D、The slope of a linear demand curve has nothing to do with the price elasticity of demand
8.Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to:
9.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.
10. If an increase in income results in a decrease in the quantity demanded of a good, then for that good, the _________ 选项： A、 income elasticity of demand is negative B、 cross-price elasticity of demand is negative C、 price elasticity of demand is elastic D、 income elasticity of demand is positive
11.The price elasticity of demand for a good measures the responsiveness of:选项： A:demand to a one percent change in price of that good.; B:quantity demanded to a one percent change in price of that good.; C:price to a one percent change in the quantity demanded of that good.; D:price to a one percent change in the demand for that good.
12.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.
13.If the slope of a demand curve is infinite, then the price elasticity of demand is:选项： A:zero.; B:infinite.; C:equal to the price of the good.; D:one.
14.Suppose the demand curve for a product is given by Q=10-2P+Ps, where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.Suppose P=$1. What is the price elasticity of demand? What is the cross-price elasticity of demand?
15.Starting at the top of a straight-line downward sloping demand curve, as the price falls, total expenditures willA．initially increase and then decrease.B．initially decrease and then increase.C．increase along the entire demand curve.D．decrease along the entire demand curve.
16.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.
17.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.
18.Consider a competitive market where the demand and the supply depend on the current price of the good. Then fitting a line through the quantity-price outcomes will 选项： A: give you an estimate of the demand curve. B: estimate neither a demand curve nor a supply curve. C: enable you to calculate the price elasticity of supply. D: give you the exogenous part of the demand in the first stage of TSLS.
19. If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1
20.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.
21. Producers' total revenue will decrease if A: income increases and the good is a normal good. B: the price rises and demand is elastic. C: the price rises and demand is inelastic. D: income falls and the good is an inferior good.

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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.

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 the
A:price of the good.
B:price of complements.
C:income of consumers.
D:income elasticity of demand for that good.