【題目】 Which of the following factors would not cause the demand curve for a given product to shift? Changes in income. Changes in price. Changes in the distribution of income. Changes in the price of a related good. 答案 : Changes ...
【題目】 Suppose there are only two firms supplying in the market and they produce a homogeneous good. Two firms produce the good with the same constant marginal cost. Firms compete by setting price simultaneously . The equilibrium price of both firms must equal to the margi ...
【題目】 The expansion of capital that can occur in the long-run but not in the short-run, means that the long-run supply is less elastic than the short-run supply curve. more elastic than the short-run supply curve. sloping downwards while the ...
【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：The owner of a local hot dog stand has estimated that if he lowers the price of hot dogs from $2.00 to $1.50, he will increase sales from 400 to 500 hot dogs per day. Using the midpoint formula, the demand for hot dogs is 答案：inelastic.
【題目】 A freeze that destroys half of the water lily crop in Tainan would likely raise the price of water lily. 【答案 3】 reducing the demand for water lily and increasing the demand for tea.
【題目】 Apples and oranges are substitute goods. A freeze in Florida destroyed a good portion of the orange crop. Ceteris paribus, the price of both apples and oranges will fall. both apples and oranges will rise. oranges will fall and the pric ...
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