4174043
Beschreibung
Quiz von 2016: Ignacio Pa, aktualisiert more than 1 year ago
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Erstellt von 2016: Ignacio Pa
vor mehr als 8 Jahre
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Frage 1
Frage
PED line with 0 slope means it is
Antworten
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Perfectly inelastic
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Perfectly elastic
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None of the above
Frage 2
Frage
a PED line that is completely vertical means that it is
Antworten
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Perfectly inelastic
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Perfectly elastic
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None of the above
Frage 3
Frage
YED greater than 1 means
Antworten
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Luxury good
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Inferior good
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none of the above
Frage 4
Frage
YED less than 0 means
Antworten
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Luxury good
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Inferior good
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None of the above
Frage 5
Frage
YED between 0 and 1 menas
Antworten
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Inferior good
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Luxury good
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None of the above
Frage 6
Frage
Company with inelastic goods should
Antworten
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increase prices
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lower prices
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No change
Frage 7
Frage
Companies with elastic goods should
Antworten
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increase prices
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lower prices
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no change
Frage 8
Frage
Companies that have goods that are unit elastic should do what to increase their profit
Antworten
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increase price
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lower price
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doesnt matter what they do because their profit will always de the same
Frage 9
Frage
Unit elastic graph is seen as
Antworten
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havisng a flat slope
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rectangular hyperbola
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undefined slope
Frage 10
Frage
Substitute goods have a
Antworten
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positive cross elasticity
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negative cross elasticity
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not enough information to answer
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