4154904
Pregunta 1
Pregunta
A normal good ALWAYS has an elastic YED.
Respuesta
- True
- False
Pregunta 2
Pregunta
Since inferior goods rise in demand as the income of people falls, it has a negative YED.
Respuesta
- True
- False
Pregunta 3
Pregunta
Luxury goods such as sports cars can be inelastic.
Respuesta
- True
- False
Pregunta 4
Pregunta
Price elasticity of demand can be possitive.
Respuesta
- True
- False
Pregunta 5
Pregunta
If the supply curve goes through the origin it is.
Respuesta
-
elastic
-
inelastic
-
unit inelastic
-
unit elastic
Pregunta 6
Pregunta
If a change in price takes place, which of the following would take the longest to respond to said change.
Respuesta
-
toy manufacturers
-
airlines
-
corn farmers without inventory
-
corn farmers with inventory
Pregunta 7
Pregunta
if a good has an income elasticity of 0.45, and the average income fell 4 percent,
what was the percentage original change .
Respuesta
-
.0166
-
.018
-
-.018
-
-.11
Pregunta 8
Pregunta
Two goods substitute each other if :
Respuesta
-
xed is zero
-
xed is one
-
xed is negative
-
xed is possitive
Pregunta 9
Pregunta
If two goods are completely unrelated to each other.
Respuesta
-
xed will be zero
-
xed will be inelastic
-
xed will be elastic
-
xed will be undefined
Pregunta 10
Pregunta
If two goods satisfy the same need they are [blank_start]complementary[blank_end], will their xed be possitive or negative?
Respuesta
-
complementary
¿Quieres crear tus propios Tests gratis con GoConqr? Más información.