Suppose you camped out in front of an electronics store to be one of the 200 lucky people able to purchase the latest gaming system. You bought the system for $350. Two weeks later you see that the same system can be sold on e-Bay for $600, so you sell your system. Your market ro … 阅读详情>> "Suppose you camped out in front of an electronics store to be one of the 200 lucky people able to purchase the latest gaming system. You bought the system for $350. Two weeks later you see that the same system can be sold on e-Bay for $600, so you sell yo"

In order to understand how the price of a good is determined in the free market, one must account for the desires of: A.purchasers and sellers. B.governmental agencies exclusively. C.purchasers exclusively. D.sellers exclusively. 正确答案：purchasers and sellers.

Buyers and sellers of a particular good comprise the: A.supply for the good. B.production possibilities curve for the good. C.demand for the good. D.market for the good. 正确答案：market for the good.

In a market, the demanders are the _, and the suppliers are the _. A.poor; wealthy B.sellers; buyers C.buyers; sellers D.bosses; workers 正确答案：buyers; sellers

”Holding all other relevant factors constant, consumers will purchase more of a good as the price falls.” This statement reflects the behavior underlying: A.the supply curve. B.a decrease in the demand curve. C.an increase in demand. D.the demand curve. 正确答案：the demand curve.

The demand curve illustrates the fact that consumers: A.purchase name brand products more frequently than generic products. B.tend to purchase more of a good as its price rises. C.tend to purchase more of a good as its price falls. D.purchase more of a good as their incomes rise. … 阅读详情>> "The demand curve illustrates the fact that consumers:"

Which of the following is NOT true of a demand curve? A.It relates the price of an item to the quantity demanded of that item. B.It shows how an increase in price leads to an increase in quantity demanded of a good. C.It has negative slope. D.It shows the amount consumers are wil … 阅读详情>> "Which of the following is NOT true of a demand curve?"

A demand curve is _ sloping because _. A.downward; fewer people are willing to buy an item at higher prices B.downward; reservation prices tend to fall over time C.downward; of increasing opportunity costs D.upward; people prefer to purchase high-quality consumer goods 正确答案：downw … 阅读详情>> "A demand curve is _ sloping because _."

As coffee becomes more expensive, Joe starts drinking tea, and therefore quantity demanded for coffee decreases. This is called: A.the change in equilibrium. B.the income effect. C.the substitution effect. D.a shift in the demand curve. 正确答案：the substitution effect.

You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. This is best described as a … 阅读详情>> "You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. Th"

The quantity of Revlon nail polish demanded by Jen decreased after the price of Revlon nail polish increased. Jen decides to find a cheaper brand of nail polish. This is called a(n): A.income effect of a price change. B.substitution effect of a price change. C.decrease in buyer’s … 阅读详情>> "The quantity of Revlon nail polish demanded by Jen decreased after the price of Revlon nail polish increased. Jen decides to find a cheaper brand of nail polish. This is called a(n):"

When the price of an item increases, buyers tend to purchase less of that item: A.only if the substitution effect and the income effect do not cancel out each other. B.solely because of the substitution effect. C.solely because of the income effect. D.because of both the substitu … 阅读详情>> "When the price of an item increases, buyers tend to purchase less of that item:"