【題目】 If resources are used efficiently, then _____. consumer surplus plus producer surplus is maximized consumer surplus equals producer surplus opportunity cost is minimized producer surplus is maximized 答案:consumer surplus p ...
【題目】 Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), where Q=quantity, P=price, I=income, and a, b, and c are positive constants. The income and price elasticities for the demand curve represented above are always 【 答案 】 : constant.
【題目】 Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of home heating oil to increase, then the equilibrium price of gasoline would rise. the supply of home heating oil would decrease. the demand ...
【題目】 Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of home heating oil to increase, then 【答案】 the equilibrium price of gasoline would rise. (Ans)
題目： Suppose that the price of eggs increases from 75 cents to $1.00 per dozen and as a result a typical farmer experiences a decrease in egg sales from 300 to 200 dozen per week. Using the method of average values, the price elasticity of demand is 答案： 1.4
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