题目内容

A consumer has a budget of 120 euros. If the price of melons increases from 4 euros to 5 euros, and the price of fish increases from 6 euros to 10 euros, the absolute value of the slope of the budget

A. Decrease from 2/3 to 1/2.
B. Decrease from 4/5 to 6/10.
C. Increase because the price of both fish and melons has increased.

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The imposition of a price floor above the current equilibrium price is most likely to result in a:

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A consumer has a budget of 120 euros. If the price of melons increases from 4 euros to 5 euros, and the price of fish increases from 6 euros to 10 euros, the absolute value of the slope of the budget

A. Decrease from 2/3 to 1/2. B. Decrease from 4/5 to 6/10. C. Increase because the price of both fish and melons has increased.

The imposition of a price floor above the current equilibrium price is most likely to result in a:

If widgets are a Giffen good, which of the following describes the effect of a price decrease in widgets？ Quantity demanded will most likely.

The demand function for coffee pots is given by 250-5P, and the supply function is given by 20P-50. At a price of 15, the market:

A monopolist will expand production until MR = MC and charge a price determined by the:

A. Decrease from 2/3 to 1/2.
B. Decrease from 4/5 to 6/10.
C. Increase because the price of both fish and melons has increased.