If the percentage change in the price of a good exceeds the percentage change in the quantity supplied, then the supply is
举一反三
- A reduction in an input price will cause a change in quantity supplied but not a change in supply.
- A reduction in an input price will cause a change in quantity supplied but not a change in supply. A: 正确 B: 错误
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above
- The economy's inflation rate is the（ ）. A: change in the gross domestic product from the previous period. B: percentage change in the price level from the previous period. C: price level in the current period. D: change in the price level from the previous period.