每日答題： Suppose the price elasticity of demand for tickets of Taiwan High Speed Railway (THSR) is 1.5.Ceteris paribus, when THSR reduces its prices, its revenue 答案： will go up.
每日答題： Suppose the price elasticity of demand for oil is 0.1. price elasticity of supply for oil is 0. In order to lower the price of oil by 20 percent, the quantity of oil supplied must be increased by 答案： 2 percent.
每日答題： Suppose the demand for gourmet coffee can be represented by a linear demand curve. When income rises cause the demand curve for gourmet coffee shift to the right parallelly: 答案： becomes less elastic at the price that prevailed before the change in income
每日答題： Suppose the demand and supply functions for a certain goods are given by: QD=10-P QS=P-4 Find the total economic surplus generated at the market equilibrium 答案：9.0
Suppose A, B and C are three points on a linear demand as in the figure below. The comparison of price elasticities is A B C. A B C. A B and B C. A = B = C.
標籤: suppose