Refer to the figure below. For demand curve D1, what is the price elasticity of demand when P = 12? A.12 B.4 C.3 D.6 正确答案：3

Refer to the figure below. When the price is equal to 8, the price elasticity of demand for the demand curve D1 is _ and for D2 the price elasticity of demand is _. A.2; 4 B.4; 1 C.4; 4 D.1; 4 正确答案：1; 4

Refer to the figure below. At P = 8 and Q = 4, D1 is _ elastic than D2, which is shown graphically as D1 being _ D2. A.less; flatter than B.less; steeper than C.more; steeper than D.more; flatter than 正确答案：less; steeper than

Refer to the figure below. When P = 4, the price elasticity of demand for the demand curve D1 is _ and D2 is _. A.2/3; 1/3 B.3; 3 C.1/3; 3 D.1/3; 2/3 正确答案：1/3; 2/3

Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? A.It will be greater for D1 than for D2. B.It will be lower for D1 than D2. C.The price elasticity of demand for both D1 and D2 will be greater than one. D.It will be equal … 阅读详情>> "Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2?"

As one moves down along a linear demand curve (i.e., from high price, low quantity pairs to low price, high quantity pairs), demand: A.becomes less elastic. B.increases. C.decreases. D.becomes more elastic. 正确答案：becomes less elastic.

On a given linear demand curve, as price increases demand becomes __ A.more variable. B.less elastic. C.more negative. D.more elastic. 正确答案：more elastic.

At the midpoint of a straight-line demand curve, the price elasticity of demand is: A.equal to one. B.zero. C.greater than one. D.less than one. 正确答案：equal to one.

Suppose the price P on a given demand curve results in a price elasticity of demand equal to 1. Any price higher than P will lie on the _ part of the demand curve, and any price lower than P will lie on the _ part of the demand curve. A.elastic; unit elastic B.unit elastic; inela … 阅读详情>> "Suppose the price P on a given demand curve results in a price elasticity of demand equal to 1. Any price higher than P will lie on the _ part of the demand curve, and any price lower than P will lie on the _ part of the demand curve."

The price elasticity of demand equals 1: A.whenever the slope of a straight-line demand curve equals zero. B.whenever the slope of a straight-line demand curve is less than 1 in absolute value. C.at the midpoint of a straight-line demand curve. D.whenever the slope of a straight- … 阅读详情>> "The price elasticity of demand equals 1:"

If consumers completely cease purchasing a product when its price increases by any amount, then demand is: A.perfectly inelastic. B.unit elastic. C.inelastic. D.perfectly elastic. 正确答案：perfectly elastic.

If the demand curve is horizontal, then demand is: A.perfectly elastic. B.elastic. C.unit elastic. D.perfectly inelastic. 正确答案：perfectly elastic.