If all other conditions remain the same, when the price of the Y commodity substitute Y commodity rises, the demand for X commodity will
A: increase
B: reduce
C: unchanged
D: difficult to determine
A: increase
B: reduce
C: unchanged
D: difficult to determine
举一反三
- When the price of a commodity drops, consumers’ expenditure on it decreases as well. It shows that this commodity is （ ）. A: elastic B: unitary elastic C: inelastic D: all of the above are possible
- The ratio of one commodity price to the price of another commodity is called relative commodity price.（ ） A: 对 B: 错
- Terms of commodity include: _________________ of the commodity; _______________of the commodity; ___________________of the commodity; ___________________of the commodity; ______________________of the commodity;
- When the production of a commodity does not utilize imported inputs, the effective tariff rate on the commodity:（ ） A: Exceeds the nominal tariff rate on the commodity B: Equals the nominal tariff rate on the commodity C: Is less than the nominal tariff rate on the commodity D: None of the above
- An increase in the demand of the imported commodity subject to a given import quota will reduces the domestic quantity demanded of the commodity.