【題目】 Under which of the following conditions would the interdiction of illegal drugs result in a decrease in the quantity of drugs sold and in a decrease in total spending on illegal drugs by drug users? The price elasticity of demand for illegal drugs is 1.3.
【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 答案 minimum average total cost
【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. 【答案】 c(I／Q)
【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 【答案】 substitutes; 0.4.
【題目】 Under which of the following conditions would the interdiction of illegal drugs result in a decrease in the quantity of drugs sold and in a decrease in total spending on illegal drugs by drug users? The price elasticity of demand for illegal drugs is 1.3.
【題目】 Which of the following system is used to manage information about customers, interact with customers, and to improve a company's relationship with its customers? 【答案 】 CRM
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