【題目】 When demand increases and supply decreases, the equilibrium price falls, and the equilibrium quantity might increase, decrease, or remain constant. equilibrium price rises, and the equilibrium quantity might increase, decrease, or remain constant. ...
【題目】 The fallacy of composition is evident in which of the following statements? Technological progress helps everybody. If each farmer works harder all farmers will be richer. X and Y go together; therefore, X has caused Y. Whe ...
【題目】 Which of the following factors would not cause the demand curve for a given product to shift? Changes in income. Changes in the distribution of income. Changes in the price of a related good. Changes in price.
【題目】 Q ： Suppose the demand and supply functions for a certain goods are givenby: QD=10-P QS=P-4 Find the total economic surplus generated at the market equilibrium 【解答】： 9.0
【題目】 「Last October, due to an early frost, the price for a pumpkin increased by 10 percent.As a result, the quantity demanded decreased from 2 million to 1.5 million.」 Based on this statement, the demand for pumpkins is unit elastic. demand for pumpkins ...
【題目】 Suppose the price of a good rises. When will the resulting substitution effect reduce the quantity demanded of the good? Only when the good is inferior. Only when the good is normal. Always. Whenever the good is a non-Giffe ...
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