4174045
Descrição
Quiz por 2016: Alejandro , atualizado more than 1 year ago
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Criado por 2016: Alejandro
mais de 8 anos atrás
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Questão 1
Questão
Perfect Competition is the opposite of?
Responda
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Elastic Markets
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Monopolies
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Mixed Economy
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Money Market
Questão 2
Questão
If a product is inelastic it should have a coefficient
Responda
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greater than 1
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less than 1
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Equal or less than 1
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0
Questão 3
Questão
If a product is inelastic it means that
Responda
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Quantity is sensitive to a change of price
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Quantity is insensitive to a change of price.
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The product cannot change price
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The product changes price quickly
Questão 4
Questão
If a product has an elastic Demand
Responda
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Quantity is sensible to a change in price.
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Quantity is insensible to a change in price.
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A change in price ruins the market.
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The market is monopolised.
Questão 5
Questão
If a product is perfectly inelastic
Responda
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Change in quantity doesn't alter the quantity demanded
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Only rice is perfectly inelastic
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Competitors pursuit changing the market
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Change in price doesn't alter the quantity demanded
Questão 6
Questão
Substitute Goods have a
Responda
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Negative cross elasticity of demand
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Price related cross elasticity of demand
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Positive cross elasticity of demand
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Has none cross elasticity of demand
Questão 7
Questão
Complement Goods have a
Responda
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Negative cross elasticity of demand
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Positive cross elasticity of demand
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Equal cross elasticity of demand
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No cross elasticity of demand
Questão 8
Questão
An example of a Weak Substitute could be
Responda
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Iphone and Samsung
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Coca Cola and Tea
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Cars and tiers
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Pasta and Raviolis
Questão 9
Questão
An example of a Strong Substitute could be
Responda
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Apple and Samsung
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Coca Cola and Tea
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Pasta and Raviolis
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Ferrari and Chevrolet
Questão 10
Questão
Companies with elastic goods should
Responda
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Increase prices
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Decrease prices
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No change
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Buy two more companies
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