問題一覧
1
Less time for consumer means:
lower elasticity of demand
2
Snob effect
means that demand for certain goods by individuals is smaller than in the rest of the society
3
The natural goods are:
goods created by nature
4
Elasticity of supply is:
relationship between percentage changes in the quantity supplied and percentage change in the price
5
If the cross elasticity of demand is 5 then goods are:
substitutes, e.g. black pen and blue pen
6
The opportunity cost:
is associated with every choice
7
Economic goods:
are goods produced in the production process
8
Market shortage is state of the market at a given price:
the quantity supplied is lower than the quantity demanded
9
If an increases in the price of goods B, ceteris paribus, caused an increases in demand for goods A and a decreases in the quantity demanded for goods B, then goods B and A are;
substitutes
10
If the demand for some goods is elastic, then:
total expenditures for these goods increases if the price of these goods decreases, ceteris paribus
11
Ceteris paribus means that:
all components, except the examined one, are constant
12
The scarce goods:
demand is higher than supply
13
The change in demand for orange can b caused by, ceteris paribus:
decreases in mandarin prices
14
Economics can be defined as:
the study of how individuals and societies choose to allocate scarce resources
15
If the demand is inelastic and supply is elastic then new tax is be paid:
producers and consumers- and tax paid by consumers will be higher
16
If the price of goods A increases, ceteris paribus, and supply of goods B decreases, then:
no correct answer
17
Income elasticity of demand is:
the relationship between percentage changes in the demand and percentage change in the income
18
Less substitues means:
lower elasticity of demand
19
The demand is:
a relationship between various prices and various quantity demanded
20
Introduction of ceilling prices will cause:
shortage
21
Inelastic deman is for goods such as
cigarettes and petrol
22
Substitutions goods are:
nectar and juice
23
Economics is:
the study of how individuals and societies choose to allocate scarce resources
24
Which of the following are characteristics of a scarce resource
there is a demand for that resourc with limited supply
25
Examples of complementary goods:
left and right shoe