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 need? 解答： 7,500 seats
【題目】 In the short run the magnitude of the own price elasticity of demand for ice cream: is lower than in the long run. is the same as in the long run. is higher than in the long run. does not depend on the fact that ice cream can be frozen.
【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 3.0 1.4 0.8 1.75
【題目】 A simple linear demand function may be stated as Q= a-bP+cI where Q is quantity demanded , P is the product price, and I is consumer income. To compute an appropriate value for c, we can use observed values for Q and I and then set the estimated income elasticity of demand equal to. Q／(cI) c(I／Q) -b(I／Q) c(Q／I)
【題目】 If a price increase of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be and the cross elasticity of demand equals substitutes; 2.5. complements;- 0.4 complements; -2.5. substitutes; 0.4.
【題目】 The price elasticity of demand for cigarettes is 0.4. If government wants to reduce smoking by 10 percent, by how much should it raise the price of cigarettes by imposing a tax? by 50 percent by 25 percent by 10 percent by 20 percent
【題目】 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 2 percent. 200 percent. 0.2 percent. 20 percent.
【題目】 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 will go down. will go up. will remain the same. may go up or down.
【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 need? 1,000 seats 7,500 seats 1,500 seats 5,000 seats
【題目】 A simple linear demand function may be stated as Q= a-bP+cI where Q is quantity demanded , P is the product price, and I is consumer income. To compute an appropriate value for c, we can use observed values for Q and I and then set the estimated income elasticity of demand equal to. -b(I／Q) c(Q／I) c(I／Q) ---答案 Q／(cI)
【題目】 In the short run the magnitude of the own price elasticity of demand for ice cream: is the same as in the long run. does not depend on the fact that ice cream can be frozen. is higher than in the long run. is lower than in the long run. ---答案
【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 3.0 1.4 ---答案 1.75 0.8
【題目】 If a price increase of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be and the cross elasticity of demand equals substitutes; 0.4. -----答案 complements;- 0.4 substitutes; 2.5. complements; -2.5.
【題目】 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 will go up. --------答案 may go up or down. will go down. will remain the same.
標籤: elasticity