【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 ...
【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 substitutes; 2.5. complements;- 0.4 complements; -2.5. substitutes; 0 ...
【題目】Q： Suppose the price elasticity of demand for tickets of Taiwan High Speed Railway (THSR) is 1.5.Ceteris paribus, when THSR reduces its 【解答】： will go up.
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