A: decreases the supply of good
B: increases the supply of good
C: decreases the demand for good
D: increases the demand for good
举一反三
- If there are very few, if any, good substitutes for good A, then (). A: supply of good A would tend to be price elastic. B: demand for good A would tend to be price inelastic. C: demand for good A would tend to be price elastic. D: demand for good A would tend to be income elastic.
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good
- Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
- Which of the following would cause price to decrease? A: A、a decrease in supply B: B、an increase in demand C: C、a surplus of the good D: D、a shortage of the good
- If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we can conclude that
内容
- 0
When the price of a good is held under the equilibrium price, the result will be A: Excess demand B: Excess supply C: A surplus of the good D: neither surplus nor shortage of the good
- 1
If the price elasticity of demand for a good is 1; then doubling the price of that good will leave total expenditures on that good unchanged
- 2
When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: A shortage of the good
- 3
An increase in demand for a good will lead to a larger increase in price if the supply is relatively elastic.
- 4
When a tax is imposed on a good, the A: supply curve for the good always shifts. B: demand curve for the good always shifts. C: amount of the good that buyers are willing to buy at each price always remains unchanged. D: equilibrium quantity of the good always decreases.