【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? Price will fall and the effect on quantity is ambiguous. Price will rise and the effect on quantity is ambiguous. Quantity will rise and the effect on price is ambiguous. Quantity will fall and the effect on price is ambiguous.
【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 shortage; fall surplus; fall surplus; rise
【題目】 In long-run equilibrium of a competitive market, the number of firms in the markets adjusts so that all of the market demand is satisfied at a price equal to sunk cost maximum marginal cost minimum average variable cost minimum average total cost
【題目】 If the market price is higher than the equilibrium price. a surplus exists and the equilibrium price will rise until it equals the market price and the surplus is eliminated. a surplus exists and the market price will fall until it equals the equilibrium price and the surplus is eliminated. a shortage exists and the market price will fall until it equals the equilibrium price and the shortage is eliminated. a shortage exists and the equilibrium price will rise until it equals the market price and the shortage is eliminated.
【題目】 In long-run equilibrium of a competitive market, the number of firms in the markets adjusts so that all of the market demand is satisfied at a price equal to sunk cost minimum average variable cost minimum average total cost ------答案 maximum marginal cost
標籤: equilibrium
