The sensitivity of demand or supply on prices is called ...
a. price
b. cost
c. trends
d. elasticity
e. tastes.
If the market price above the equilibrium price ...
a. there is excess supply
b. there is excess demand
c. There equilibrium quantity
d. manufacturers would be more profitable
e. consumers add to demand.
Assuming demand remains, the effect of increased supply on the market balance is ...
a. equilibrium price will rise and the equilibrium quantity will rise
b. equilibrium price and the equilibrium quantity climb down
c. equilibrium price and the equilibrium quantity fell down
d. equilibrium price rises and equilibrium quantity down
e. there is no correct answer.
Function sedan offers mirrored by Qs = -20 + 7P. Elasticity of supply on the price level P = 15 is ...
a. 1.10
b. 1.14
c. 1.24
d. 13.75
e. 15.75.
Given the demand function Qd = 200 - 2P. At the price level of 40, is the demand elasticity coefficient ...
a. ¼
b. 1/3
c. 2/3
d. 4/5
e. 1 ½.
Although the price of salt has fallen sharply, but people will not buy salt in bulk scale. This shows that the demand for salt has such ...
a. elastic
b. perfectly elastic
c. perfectly inelastic
d. inelastic
e. unit elastic.
The coefficient of elasticity of demand for ½ means 10% price increase would cause the quantity demanded to ...
a. reduced by 5%
b. reduced by 15%
c. reduce by 20%
d. increased 5%
e. increased 15%.
Below is not a determining factor is the level of elasticity of demand ...
a. development mode
b. the level of consumer demand
c. traditions or customs
d. presence or absence of complementary goods
e. the versatile stuff.
The elasticity of demand for a computer at 150%, then ...
a. demand curve is a vertical straight line
b. horizontal demand curve is a straight line
c. elasticity coefficient of more than one
d. elasticity coefficient is less than one
e. coefficient of elasticity is not infinite.
The more sloping demand curve, the nature of the request ...
a. elastic
b. inelastic
c. unitary elastic
d. perfectly inelastic
e. perfectly elastic.
Sabtu, 23 Maret 2013
