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- ChouRosen
- If price exceeds average costs under pure competition, in the long run ,______ firms will enter the industry, supply will ______, and price will be driven ______.
答案是 more; increase; down
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- ChouRosen
- 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
答案是 2 percent.
論壇題目還多貼上一段不完整的....
原題目
Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20percent,the quantity of oil supplied must be increased by