Micro Quiz

Descrição

Micro quiz
2016: Ignacio Pa
Quiz por 2016: Ignacio Pa, atualizado more than 1 year ago
2016: Ignacio Pa
Criado por 2016: Ignacio Pa quase 9 anos atrás
7
0

Resumo de Recurso

Questão 1

Questão
PED line with 0 slope means it is
Responda
  • Perfectly inelastic
  • Perfectly elastic
  • None of the above

Questão 2

Questão
a PED line that is completely vertical means that it is
Responda
  • Perfectly inelastic
  • Perfectly elastic
  • None of the above

Questão 3

Questão
YED greater than 1 means
Responda
  • Luxury good
  • Inferior good
  • none of the above

Questão 4

Questão
YED less than 0 means
Responda
  • Luxury good
  • Inferior good
  • None of the above

Questão 5

Questão
YED between 0 and 1 menas
Responda
  • Inferior good
  • Luxury good
  • None of the above

Questão 6

Questão
Company with inelastic goods should
Responda
  • increase prices
  • lower prices
  • No change

Questão 7

Questão
Companies with elastic goods should
Responda
  • increase prices
  • lower prices
  • no change

Questão 8

Questão
Companies that have goods that are unit elastic should do what to increase their profit
Responda
  • increase price
  • lower price
  • doesnt matter what they do because their profit will always de the same

Questão 9

Questão
Unit elastic graph is seen as
Responda
  • havisng a flat slope
  • rectangular hyperbola
  • undefined slope

Questão 10

Questão
Substitute goods have a
Responda
  • positive cross elasticity
  • negative cross elasticity
  • not enough information to answer

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