If a demand curve is horizontal at P = $5, then the price elasticity of demand is: A.0.2. B.0. C.infinite. D.5. 正确答案:infinite.
For any horizontal demand curve, the price elasticity of demand is:
浏览:362For any horizontal demand curve, the price elasticity of demand is: A.equal to the price of the good. B.1. C.0. D.infinite. 正确答案:infinite.
If the percentage change in quantity demanded is zero for any percentage change in the price of the good, demand is classified as:
浏览:369If the percentage change in quantity demanded is zero for any percentage change in the price of the good, demand is classified as: A.inelastic. B.perfectly elastic. C.perfectly inelastic. D.unit elastic. 正确答案:perfectly inelastic.
If the slope of a demand curve is infinite, then the price elasticity of demand is:
浏览:373If the slope of a demand curve is infinite, then the price elasticity of demand is: A.zero. B.infinite. C.equal to the price of the good. D.one. 正确答案:zero.
A demand curve that is drawn as a vertical line has a price elasticity of demand equal to:
浏览:367A demand curve that is drawn as a vertical line has a price elasticity of demand equal to: A.1. B.0. C.infinity. D.the quantity. 正确答案:0.
If the demand curve for open-heart surgery is vertical for people with serious heart conditions, then the demand for open-heart surgery is __ with respect to price.
浏览:353If the demand curve for open-heart surgery is vertical for people with serious heart conditions, then the demand for open-heart surgery is __ with respect to price. A.perfectly elastic B.perfectly inelastic C.inelastic D.unit elastic 正确答案:perfectly inelastic
If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will:
浏览:345If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will: A.increase the quantity demanded. B.decrease the quantity demanded. C.lead the quantity demanded to fall to zero. D.not change the quantity demanded. 正确答案:not change the qu … 阅读详情>> "If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will:"
A perfectly elastic demand curve has a slope of _ while a perfectly inelastic demand curve has a slope of _.
浏览:376A perfectly elastic demand curve has a slope of _ while a perfectly inelastic demand curve has a slope of _. A.0; 1 B.infinity; 0 C.0; infinity D.1; 0 正确答案:0; infinity
When the price of insulin is $10, consumers demand 100 units; when the price is $15, consumers demand 100 units; and when the price is $20, consumers demand 100 units. Based on this information, the demand for insulin is:
浏览:335When the price of insulin is $10, consumers demand 100 units; when the price is $15, consumers demand 100 units; and when the price is $20, consumers demand 100 units. Based on this information, the demand for insulin is: A.elastic B.unit elastic C.perfectly elastic D.perfectly i … 阅读详情>> "When the price of insulin is $10, consumers demand 100 units; when the price is $15, consumers demand 100 units; and when the price is $20, consumers demand 100 units. Based on this information, the demand for insulin is:"
Refer to the figure below. Let εX denote the price elasticity of demand at point X. Which of the following describes the relationship between εA, εB and εC?
浏览:427Refer to the figure below. Let εX denote the price elasticity of demand at point X. Which of the following describes the relationship between εA, εB and εC? A.εB> εC> εA B.εA> εB> εC C.εA> εC> εB D.εC> εB> εA 正确答案:εA> εC> εB
Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals:
浏览:336Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals: A.$80. B.$30. C.$60. D.$40. 正确答案:$60.
Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:
浏览:304Refer to the figure below. If the price of a latte increases from $2.00 to $2.50: A.the change in total expenditure, if any, would depend on the supply curve. B.total expenditure would stay the same. C.total expenditure would increase. D.total expenditure would decrease. 正确答案:tot … 阅读详情>> "Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:"