题目内容

Supply is likely to be inelastic if firms have lots of spare capacity.

A. 对
B. 错

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Supply is likely to be more elastic in the short run than the long run.

A. 对
B. 错

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If the absolute value of the price elasticity of demand for dry white wine isgreater than one, a decrease in the price of all wine would result in:

A more than proportional decrease in the quantity of dry white wine purchased
B. A less than proportional decrease in the quantity of dry white wine purchased
C. A less than proportional increase in the quantity of dry white wine purchased
D. A more than proportional increase in the quantity of dry white wine purchased

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What is the likely impact of a price rise for a low price but high quality fishand chip shop with few substitutes?

A. Demand will rise by less than the price rise
B. Demand stays the same
C. Demand falls by a greater percent than the price rise
Demand falls by a lower % than the price increase as a %

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Using the simple method, what is the price elasticity of demand of product X as price falls from its current price of $20 to $15? The Quantity rise from 10 to 15

A. 0.5
B. 1
C. 1 .5
D. 2

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Supply is likely to be inelastic if firms have lots of spare capacity.

A. 对 B. 错

Supply is likely to be more elastic in the short run than the long run.

If the absolute value of the price elasticity of demand for dry white wine isgreater than one, a decrease in the price of all wine would result in:

What is the likely impact of a price rise for a low price but high quality fishand chip shop with few substitutes?

Using the simple method, what is the price elasticity of demand of product X as price falls from its current price of $20 to $15? The Quantity rise from 10 to 15

A. 对
B. 错