【判断题】If consumers were originally willing to buy 500 units of a good at a price of $20 are now willing to buy 500 units of the same good at a price of $10, that change would be described as a decrease in d...
【单选题】If at a price of $10, quantity bought will be 5400 per day, and at $15, quantity bought will be 4600 per day, then the price elasticity of demand is approximately:
【单选题】Table 4-1PriceFirm A’sQuantitySuppliedFirm B’sQuantitySuppliedFirm C’sQuantitySuppliedFirm D’sQuantitySupplied$010000$28345$466810$6491215$8212820$10015425Refer to Table 4-1. If these are the only fou...
【单选题】If at a price of $10, quantity bought will be 5400 per day, and at $15, quantity bought will be 4600 per day, then the price elasticity of demand is approximately:
【单选题】Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a price of $10 per DVD. Market basket B contains 12 books and 12 DVDs. Based on this information, which of...
A.
Revealed preference analysis implies that Pedro only prefers basket B to basket A if basket A is more expensive.
B.
Pedro prefers market basket B to basket
C.
Market basket B will cost more than basket
D.
If the prices change and Pedro chooses market basket C, which now costs the same as basket B, then basket C is prefer to basket