【題目】 For a good that is a necessity, quantity demanded tends to respond substantially to a change in price. the law of demand often does not apply. its price elasticity equals one. demand tends to be inelastic.
【題目】 If price exceeds average costs under pure competition, in the long run ,______ firms will enter the industry, supply will ______, and price will be driven ______. more ； increase ； up more ； increase ； down more ； decrease ； down ...
2024-02-08 【題目】 Which of the following acronyms refers to ports on laptop computer that accept small cards that server as expansion boards? PCMCIA 2024-02-06 【題目】 「微管仲，吾其被髮左衽矣。」的「微」字字義與下列何者相同？ 「微」夫人之 ...
【題目】 Bonds that have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity are known as: Convertible bonds. Sinking fund bonds. Callable bonds. Serial bonds.
【題目】 Two goods are complements if a decrease in the price of one good decreases the demand for the other good. None of above is correct the demand for the other good does not change. increases the demand for the other good.
【題目】 A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm’s average total cost is $10. The firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a & ...
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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