《Sec 5.1 MC The Elasticity of Demand》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、1. Thepriceelasticityofdemandmeasureshowmuch a. quantitydemandedrespondstoachangeinprice. b. quantitydemandedrespondstoachangeinincome. c. pricerespondstoachangeindemand. d. demandrespondstoachangeinsupply.ANSWER: aDIFFICULTY: EasyLEARNING OBJECTIVES: E
2、CON.MANK.091-Evaluatevariousdemandelasticities.TOPICS: ElasticityPriceelasticityofdemandKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 001.05.1-MC-MANK082. Thepriceelasticityofdemandmeasures a. buyers’responsivenesstoachangeinthepriceofagood. b. theextenttowhich
3、demandincreasesasadditionalbuyersenterthemarket. c. howmuchmoreofagoodconsumerswilldemandwhenincomesrise. d. themovementalongasupplycurvewhenthereisachangeindemand.ANSWER: aDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.091-Evaluatevariousdemandelastici
4、ties.TOPICS: ElasticityPriceelasticityofdemandKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 002.05.1-MC-MANK083. Thepriceelasticityofdemandforagoodmeasuresthewillingnessof a. consumerstobuylessofthegoodaspricerises. b. consumerstoavoidmonopolisticmarketsinfavor
5、ofcompetitivemarkets. c. firmstoproducemoreofagoodaspricerises. d. firmstorespondtothetastesofconsumers.ANSWER: aDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.091-Evaluatevariousdemandelasticities.TOPICS: ElasticityPriceelasticityofdemandKEYWORDS: BL
6、OOM'S:ComprehensionCUSTOM ID: 003.05.1-MC-MANK084. Whichofthefollowingstatementsaboutthepriceelasticityofdemandiscorrect? a. Thepriceelasticityofdemandforagoodmeasuresthewillingnessofbuyersofthegoodtobuylessofthegoodasitspriceincreases. b. Priceelasticity
7、ofdemandreflectsthemanyeconomic,psychological,andsocialforcesthatshapeconsumertastes. c. Otherthingsequal,ifgoodxhasclosesubstitutesandgoodydoesnothaveclosesubstitutes,thenthedemandforgoodxwillbemoreelasticthanthedemandforgoody. d. Alloftheabovearecorrect.
