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.
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 投屏 复制 ...
【題目】:If the price of the Walkman is below the equilibrium price, there will be a _______ of Walkmans and the price will _______. 【答案】:shortage; rise 下载视频 投屏 复制链接
【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. 下载视频 投屏 ...