the amount of land is fixed, the total supply of land
is_____________
A: relatively
elastic.
B: perfectly
elastic.
C: perfectly
inelastic.
D: relatively
inelastic.
举一反三
- A vertical supply curve may be described as: A: relatively price elastic. B: perfectly price inelastic. C: relatively price inelastic. D: perfectly price elastic. E: none of the above are accurate descriptions.
- An increase in price causes an increase in total revenue when: () A: demand<br/>is elastic. B: demand<br/>is inelastic. C: demand<br/>is unit elastic. D: All<br/>of the above are possible.
- If the price of a commodity changes by 3% and the quantity supplied<br/>changes by 2%, the supply of the commodity ( ) A: inelastic B: elastic C: unit elastic D: completely inelastic
- If the supply of land were perfectly inelastic, a tax on land would be paid:
- A tax imposed on a market with an inelastic demand and an elastic supply will cause() A: sellers to pay the<br/>majority of the tax. B: buyers to pay the<br/>majority of the tax. C: the tax burden to<br/>be equally divided between buyers and sellers. D: the tax burden to<br/>be divided, but it cannot be determined how.
内容
- 0
As a result of running high temperature this summer in the south of China, the corn crop declined sharply. If corn growers experienced an increase in sales revenue, the demand for corn must be ( ) A: price elastic. B: price inelastic. C: unitary elastic. D: perfectly inelastic.
- 1
A few sellers may behave as if they operate in a perfectly competitive market if the market demand is: A: highly inelastic. B: very elastic. C: unitary elastic. D: composed of many small buyers.
- 2
If the supply of land were perfectly inelastic, a tax on land would be paid: A: partly by sellers and partly by buyers. B: entirely by sellers. C: entirely by buyers. D: It is impossible to determine given this information.
- 3
() are<br/>real assets. A: Land B: a<br/>fixed level of income for the life of the owner. C: Machines D: a<br/>variable level of income for owners on a fixed income. E: Stocks<br/>and bonds F: a<br/>fixed or variable income stream at the option of the owner. G: Knowledge H: a<br/>fixed stream of income or a stream of income that is determined<br/>according to a<br/>specified<br/>formula for the life of the security. I: Land,<br/>machines, and knowledge<br/>A<br/>debt security pays (D)
- 4
The<br/>activity of the autonomic nervous system can mainly affect ( ) A: Viscous<br/>resistance B: Inertial<br/>resistance C: Airway<br/>resistance D: Pulmonary<br/>elastic resistance E: Thoracic<br/>elastic resistance