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1081114題目:
【題目】 If the price of the Walkman is below the equilibrium price, there will be a _______ of Walkmans and the price will _______.
surplus; fall
surplus; rise
shortage; fall
shortage; rise
答案:
shortage; rise
【題目】 If a good is produced using inputs for which there are no substitutes, the good's
elasticity of demand will be small.
elasticity of supply is likely to be small.
elasticity of supply is likely to be large.
elasticity of demand will be large.
答案:
elasticity of supply is likely to be small.