The cross-price elasticity of demand between bread and potatoes is estimated to be 0.5. This implies bread and potatoes are: A.complements. B.unrelated. C.normal goods. D.substitutes. 正确答案：substitutes.

If the cross-price elasticity of demand between blueberries and yogurt is negative, then the two goods are: A.complements. B.substitutes. C.inferior goods. D.normal goods. 正确答案：complements.

If the cross-price elasticity of demand between two goods is -1.2, then the two goods are: A.elastically demanded. B.complements. C.substitutes. D.inferior. 正确答案：complements.

Suppose that if the price of plane tickets increased, more people would choose to travel by train. If this happened, you would know that: A.plane tickets are an inferior good. B.the cross-price elasticity between plane tickets and train tickets is positive. C.plane tickets and tr … 阅读详情>> "Suppose that if the price of plane tickets increased, more people would choose to travel by train. If this happened, you would know that:"

If most consumer goods and services are _, then most income elasticities are _. A.normal; greater than one B.normal; positive C.inferior; positive D.normal; negative 正确答案：normal; positive

During recessions, when some workers lose their jobs and have lower incomes, sales of durable goods (goods with a life expectancy of 3 years or more) decline. Apparently, durable goods are: A.complements. B.inferior goods. C.substitutes. D.normal goods. 正确答案：normal goods.

In surveying their alumni, State U’s economics department discovered that ramen noodle consumption declined once students graduated and found jobs. One conclusion the survey team might draw from this result is that: A.there is excess demand for ramen noodles. B.college graduates … 阅读详情>> "In surveying their alumni, State U’s economics department discovered that ramen noodle consumption declined once students graduated and found jobs. One conclusion the survey team might draw from this result is that:"

If your income elasticity of demand for hot dogs is negative, then: A.you must not enjoy eating hot dogs. B.hot dogs are an inferior good for you. C.hot dogs have no close substitutes for you. D.your demand curve for hot dogs is not downward sloping. 正确答案：hot dogs are an inferior … 阅读详情>> "If your income elasticity of demand for hot dogs is negative, then:"

A change in consumers’ incomes causes a change in: A.supply. B.the demand for normal goods but not the demand for inferior goods. C.the cross-price elasticity of demand. D.demand. 正确答案：demand.

If the income elasticity for a particular good is negative, then: A.as income increases, consumers will tend to purchase more of the good. B.as income increases, consumers will tend to purchase less of the good. C.the good is a luxury good. D.the good is a normal good. 正确答案：as in … 阅读详情>> "If the income elasticity for a particular good is negative, then:"

Suppose you believe that plaid flannel shirts are an inferior good, and want to test this with economic data. You expect to find that the income elasticity for plaid flannel shirts is: A.greater than one. B.greater than zero, but less than one. C.less than zero. D.close to zero. … 阅读详情>> "Suppose you believe that plaid flannel shirts are an inferior good, and want to test this with economic data. You expect to find that the income elasticity for plaid flannel shirts is:"

You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo: A.is a normal good. B.is below its equilibrium price. C.is an inferior good. D.has inelastic demand. 正确答案：is an inferior good … 阅读详情>> "You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo:"