4147576
Questão 1
Questão
When the price elasticity of demand is between 0 and 1 it is
Responda
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inelastic
-
elastic
-
unit elastic
Questão 2
Questão
Price elasticity of demand has an inverse relationship
Responda
- True
- False
Questão 3
Questão
If the elasticity is unit elastic, and the quantity demanded increases by 20%, then the price must increase by 20%
Responda
- True
- False
Questão 4
Questão
The equation for finding a percentage change is
Responda
-
old-new/new
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(new-old/old) *100
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new-old/old
Questão 5
Questão
bread and cream cheese have an xed of -0.7. They are
Responda
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weak or no subsitutes
-
strong subsitutes
-
weak or no complements
-
strong complements
Questão 6
Questão
The reasons for why ped changes are
Responda
-
stock
-
time
-
capacities
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substituion of capital labor
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choice
Questão 7
Questão
The unit elastic graph of ped starts at the origin
Responda
- True
- False
Questão 8
Questão
If a scarf has an elasticity of 1.6, it is a
Responda
-
Normal necessity good
-
Normal inferior good
-
Normal luxury good
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Inferior good
Questão 9
Questão
If a good is inelastic, it's not responsive to price
Responda
- True
- False
Questão 10
Questão
In a xed graph, two goods with no relationship would look like a horizontal line
Responda
- True
- False
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