【題目】 Raisin bran and milk are complementary goods. A decrease in the price of raisins will decrease consumer surplus in the market for raisin bran and increase producer surplus in the market for milk. decrease consumer surplus in the market for raisin bran a ...
If the market price is higher than the equilibrium price. 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 equilibrium price will rise until it equals the market pri ...
Suppose the price elasticity of demand for tickets of Taiwan High Speed Railway (THSR) is 1.5.Ceteris paribus, when THSR reduces its prices, its revenue A:will go up.
If a good is produced using inputs for which there are no substitutes, the good’s A) elasticity of supply is likely to be small. B) elasticity of supply is likely to be large. C) elasticity of demand will be small. D) elasticity of demand will be large.
If a fall in the price of good A increases the quantity demanded of good B, (A)B is a substitute for A, but A is a complement to B (B) A and B are complements (C)A is a substitute for B, but B is a complement to A (D)A and B are substitutes
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