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单选题 For a particular good, a 2 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good
学科：经济学导论（双语）
时间：2024-06-13 14:51:12
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题目1单选题
A good will have a more inelastic demandA. the greater the availability of close substitutesB. the broader the definition of the marketC. the longer the period of timeD. the more it is regarded as a luxury
题目2单选题
Which of the following statements is correctA. The demand for flat-screen computer monitors is more elastic than the demand for monitors in generalB. The demand for grandfather clocks is more elastic than the demand for clocks in generalC. The demand for cardboard is more elastic over a long period of time than over a short period of timeD. All of the above are correct
题目3单选题
The greater the price elasticity of demand, theA. more likely the product is a necessityB. smaller the responsiveness of quantity demanded to a change in priceC. greater the percentage change in price over the percentage change in quantity de-mandedD. greater the responsiveness of quantity demanded to a change in price
题目4单选题
For which of the following goods would demand be most elasticA. clothingB. blue jeansC. Tommy Hilfiger jeansD. All three would have the same elasticity of demand since they are all related
题目5单选题
Whether a good is a luxury or necessity depends onA. the price of the goodB. the preferences of the buyerC. the intrinsic properties of the goodD. how scarce the good is
题目6单选题
The price elasticity of demand for eggsA. is computed as the percentage change in quantity demanded of eggs divided by the percentage change in price of eggsB. will be lower if there is a new invention that is a close substitute for eggsC. will be higher if consumers consider eggs to be a luxury goodD. All of the above are correct
题目7单选题
Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent de-crease in the quantity of X demanded. Price elasticity of demand for X isA. 0B. 1C. 6D. 36
题目8单选题
If the price elasticity of demand for a good is 10.0, then a 4 percent increase in price results in aA. 0.4 percent decrease in the quantity demandedB. 2.5 percent decrease in the quantity demandedC. 4 percent decrease in the quantity demandedD. 40 percent decrease in the quantity demanded
题目9单选题
For a particular good, a 2 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this goodA. There are no close substitutes for this goodB. The good is a luxuryC. The market for the good is broadly definedD. The relevant time horizon is short
题目10单选题
The flatter the demand curve through a given point, theA. greater the price elasticity of demand at that pointB. smaller the price elasticity of demand at that pointC. closer the price elasticity of demand will be to the slope of the curveD. greater the absolute value of the change in total revenue when there is a movement from that point upward and to the left along the demand curve
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