西方经济学教学课件——chapter4

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1、Microeconomics,lie(Parkin)Chapter4Elasticity1PriceElasticityofDemand1)Supposethepriceofburgersincreasesfrom$2to$3each・ThedegreetowhichquantitydemandedrespondstothispriceincreasedependsontheA)priceelasticityofdemand・B)thepriceelasticityofsupply.C)incomeelasticityofdemand.D)crosse

2、lastic让yofdemand・Answer:ATopic:PriceElastic让yofDemandSkill:AnalyticalStatus:OldAACSB:AnalyticalSkills2)ThepriceelasticityofdemandmeasuresA)howoftenthepriceofagoodchanges・B)theslopeofabudgetcurve・C)howsensitivethequantitydemandedistochangesindemand・D)theresponsivenessofthequantit

3、ydemandedtochangesinprice.Answer:DTopic:PriceElasticityofDemandSkill:DefinitionStatus:OldAACSB:AnalyticalSkills3)ElasticitymeasurestheA)percentagechangeinavariable・B)slopeofacurve.C)changeinavariable.D)responsivenessofavariabletoachangeinanothervariable・Answer:DTopic:PriceElasti

4、c让yofDemandSkill:DefinitionStatus:OldAACSB:AnalyticalSkillsJ4)Thepriceelasticityofdemandforpursesismeasuredinwhaturdts?A)dollarsB)pursesC)dollarsperpurseD)Thepriceelasticityofdemandisaunitlessmeasure・Answer:DTopic:PriceElasticityofDemandSkill:RecognitionStatus:RevisedAACSB:Analy

5、ticalSkills1)ThepriceelasticityofdemandisdefinedasthemagnitudeoftheA)changeinquantitydemandeddividedbythechangeinprice.B)changeinpricedividedbythechangeinquantitydemanded・C)percentagechangeinquantitydemandeddividedbythepercentagechangeinprice.D)percentagechangeinpricedividedbyth

6、epercentagechangeinquantitydemanded・Answer:CTopic:PriceElasticityofDemandSkill:DefinitionStatus:OldAACSB:AnalyticalSkillsJ2)ThepriceelasticityofdemandiscalculatedastheabsolutevalueoftheA)percentagechangeinquantitydemandeddividedbythepercentagechangeinprice.B)percentagechangeinpr

7、icedividedbythepercentagechangeinquantitydemanded・C)changeinquantitydemandeddividedbythechangeinprice・D)changeinpricedividedbythechangeinquantitydemanded・Answer:ATopic:PriceElasticityofDemandSkill:DefinitionStatus:OldAACSB:AnalyticalSkills3)Thepriceelasticityofdemandequalsmagnit

8、udeoftheA)changeinthepricedividedbythechangeinq