When the demand for a good is inelastic, that good is likely to have: A.many close substitutes. B.few close complements. C.few close substitutes. D.many close complements. 正确答案：few close substitutes.

If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be: A.elastic. B.perfectly elastic. C.unit elastic. D.inelastic. 正确答案：inelastic.

Which of the following is likely to have the highest price elasticity of demand? A.Nike running shoes B.The price elasticity of demand will be the same for all of the answers listed. C.shoes D.running shoes 正确答案：Nike running shoes

For which of the following products is demand likely to be least elastic with respect to price? A.Green vegetables B.Vegetables C.Food D.Green beans 正确答案：Food

Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. They then notice that they are selling approximately 15% fewer sodas. The price elasticity of demand for sodas from the campus vending machines, therefore, is: A.infinite B.u … 阅读详情>> "Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. They then notice that they are selling approximately 15% fewer sodas. The price elasticity of demand for sodas from the campus vending machines, ther"

Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. If they then still sell almost the same number of sodas per day, this suggests: A.the price elasticity of demand for soda is equal to 1. B.soda purchases represent a large fr … 阅读详情>> "Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. If they then still sell almost the same number of sodas per day, this suggests:"

Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for a Snickers candy bar at an airport is likely to be __ the price elasticity of demand for a Snickers candy bar at the grocery store. A.the reciprocal of … 阅读详情>> "Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for a Snickers candy bar at an airport is likely to be __ the price elasticity of demand for a Snickers candy bar at the grocery s"

All else equal, the price elasticity of demand for a good tends to be lower: A.if the good represents a large share of a consumer’s budget. B.in the long run. C.if the good has many close substitutes. D.if the good has few close substitutes. 正确答案：if the good has few close substit … 阅读详情>> "All else equal, the price elasticity of demand for a good tends to be lower:"

Jeans in general have fewer close substitutes than a specific brand of jeans. Therefore, the demand for jeans in general will be __ than the demand for a specific brand of jeans. A.more unit elastic B.more elastic C.less elastic D.less inelastic 正确答案：less elastic

Satellite TV is a close substitute for cable TV. In the 1990’s, small satellite TV units were developed that made it less costly for individual consumers to subscribe to satellite TV service. This caused the price elasticity of demand for cable TV service to: A.become less elasti … 阅读详情>> "Satellite TV is a close substitute for cable TV. In the 1990’s, small satellite TV units were developed that made it less costly for individual consumers to subscribe to satellite TV service. This caused the price elasticity of demand for cable TV service"

Suppose that the demand for electricity has been found to be price inelastic. The most likely explanation for this finding is that: A.electricity is sold in a monopoly market. B.few substitutes for electricity exist. C.the fraction of income spent on electricity is large. D.elect … 阅读详情>> "Suppose that the demand for electricity has been found to be price inelastic. The most likely explanation for this finding is that:"

Suppose that there is only one small clothing store in the remote village of Green Acres, and until recently the townspeople bought their shirts there. As more people in Green Acres become connected to the Internet, the price elasticity of demand for shirts at the Green Acres sto … 阅读详情>> "Suppose that there is only one small clothing store in the remote village of Green Acres, and until recently the townspeople bought their shirts there. As more people in Green Acres become connected to the Internet, the price elasticity of demand for shir"