4175712
Beschreibung
Quiz von 2016: Nicolas Di, aktualisiert more than 1 year ago
|
Erstellt von 2016: Nicolas Di
vor fast 9 Jahre
|
|
Frage 1
Frage
What is the definition of an inferior good?
Antworten
-
Good that happens when demand falls an income rises; vice versa.
-
Good that happens when demand increases and income increases as well; vice versa.
Frage 2
Frage
What type of goods are considered elastic goods?
Antworten
-
Normal luxuries and normal necessities
-
Normal luxuries and superior goods
Frage 3
Frage
What is the formula for XeD?
Antworten
-
%change in qty demanded for product x/ %change in price for product y
-
%change in qty demanded/ %change in income
Frage 4
Frage
What is the formula for PeD?
Antworten
-
%change in qty demanded/ %change in price
-
%change in qty demanded/%change in income
Frage 5
Frage
What shifts PeS?
Antworten
-
Stocks, Capital labor, Capacity and Time
-
Stocks, Capacity, Time and Chance
-
Stocks, Interest Rates, Time and Chance
Frage 6
Frage
What does a complement represent?
Antworten
-
When the increase in demand of good A leads to the increase in demand of good B (If the demand for iphones increases, the demand for iphone cases will also increase).
-
When good A substitutes good B (because price of good A increases, the demand for good B will increase).
Frage 7
Frage
What would be an inelastic good?
Antworten
-
Normal necessities
-
Macbook Pro
-
Tickets for a soccer match
-
Short-distance flights
Frage 8
Frage
What does a rectangular hyperbole represent?
Antworten
-
Unit elasticity along the curve
-
Price elasticity in supply
-
Price elasticity in demand
Frage 9
Frage
What does it mean when you graph a line in a price elasticity graph, that starts in the y- axis?
Antworten
-
Inelastic
-
Elastic
-
Unit Elastic
-
Perfectly inelastic
Frage 10
Frage
What kind of profit is a firm making when their ATC= their AR?
Antworten
-
Supernormal
-
Abnormal
Möchten Sie mit GoConqr kostenlos Ihre eigenen Quiz erstellen? eigenen Mehr erfahren.