題目：The demand for Chocolate Chip Cookie ice cream is likely quite elastic because 答案： other flavors of ice cream are good substitutes for this particular flavor.
【題目】 Apples and oranges are substitute goods. A freeze in Florida destroyed a good portion of the orange crop. Ceteris paribus, the price of both apples and oranges will fall. both apples and oranges will rise. oranges will fall and the price of ...
【題目】 You are an economist for the Taipei City Subway Commission. Presently, the price of a subway ride is $80, and 250,000 seats are filled weekly. The income elasticity of demand is -0.60. If a recession lowered area incomes by 5％, how many additional seats per week would the subway n ...
題目： What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell? 答案： Price will fall and the effect on quantity is ambiguous
【題目】 The fallacy of composition is evident in which of the following statements? Technological progress helps everybody. When the NFC team wins the Superbowl, the stock market rises. If each farmer works harder all farmers will be richer. ...
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