题目内容

[单选]大学的足球场在足球比赛中永远不会超过半座。这表明

A. 票价高于均衡价格。
B. 票价低于均衡价格。
C. 票价为均衡价格。
D. 与均衡价格无关。

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[单选]In general, elasticity is a measure of

A. the extent to which advances in technology are adopted by producers.
B. the extent to which a market is competitive.
C. how firms’ profits respond to changes in market prices.
D. how much buyers and sellers respond to changes in market conditions.

[单选]If the price of natural gas rises, when is the price elasticity of demand likely to be the highest?

A. immediately after the price increase
B. one month after the price increase
C. three months after the price increase
D. one year after the price increase

[单选]If the price of walnuts rises, many people would switch from consuming walnuts to consuming pecans. But if the price of salt rises, people would have difficulty purchasing something to use in its place. These examples illustrate the importance of

A. the availability of close substitutes in determining the price elasticity of demand.
B. a necessity versus a luxury in determining the price elasticity of demand.
C. the definition of a market in determining the price elasticity of demand.
D. the time horizon in determining the price elasticity of demand.

[单选]For a particular good, a 5 percent increase in price causes a 15 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?

A. There are many substitutes for this good.
B. The good is a necessity.
C. The market for the good is broadly defined.
D. The relevant time horizon is short.

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