【題目】 If the price of the Walkman is below the equilibrium price, there will be a _______ of Walkmans and the price will _______. shortage; rise surplus; rise shortage; fall surplus; fall 答案 : shortage; rise ...
【題目】 What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell? Quantity will rise and the effect on price is ambiguous. Price will rise and the effect on quantity is ambiguous. &nb ...
【題目】 The fallacy of composition is evident in which of the following statements? X and Y go together; therefore, X has caused Y. If each farmer works harder all farmers will be richer. When the NFC team wins the Superbowl, the stock market rises ...
【題目】 If the market price is higher than the equilibrium price. a surplus exists and the market price will fall until it equals the equilibrium price and the surplus is eliminated. a surplus exists and the equilibrium price will rise until it equals the marke ...
【題目】 In the short run the magnitude of the own price elasticity of demand for ice cream: is higher than in the long run. does not depend on the fact that ice cream can be frozen. is the same as in the long run. is lower than in the ...
【題目】 Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus? $10 $3 ...
【題目】 Which of the following statements is true? Oligopolists : behave interdependently. tend to produce the monopoly output and sell at the monopoly price when they are able to collude . Will consider the potential response of its rivals when ma ...