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