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中国大学MOOC微观经济学

409Refer to the figure above In this market, if all buyers’ reservation prices for a cup of coffee increased by $100；Athe equilibrium price would not change

410Refer to the figure above Suppose the coffee lobby convinced the legislature to impose a price control requiring that coffee prices must be at least $250, and that the original demand curve and original supply curve were applicable The most likely resu

411Refer to the figure above An increase in demand is represented by shifting from:

412Refer to the figure above A decrease in demand is represented by shifting from:

413Refer to the figure above An increase in supply is represented by shifting from:

414Refer to the figure above A decrease in supply is represented by shifting from:

415Refer to the table above Relative to column A, it appears that column B represents __

416Refer to the table above Relative to column C, it appears that column D represents __

417Refer to the figure above Assume that column A and column B are the initial demand and supply curves At a price of $30, the market would experience:

418Refer to the figure above Assume that column A and column B are the initial demand and supply curves At a price of $50, the market would experience:

419If a nation can produce a more computers per year than any other nation, that nation has a(n) ______ advantage in the production of computers

420If a nation has the lowest opportunity cost of producing a good, that nation has a(n) ______ in the production of that good

421If Jane can produce 3 pairs of shoes per hour, while Bob can produce 2, then __ has a(n) ____ advantage in producing shoes

422Refer to the table above __ has the comparative advantage in making pies and ____ the comparative advantage in making cakes

423Refer to the table below Based on their comparative advantage, Martha should specialize in _ while Julia should specialize in _

424Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound At this price, the demand for coffee is:

425Suppose that Chris had been charging $100 per pound for potatoes When Chris lowered the price to $090 per pound, his total revenue fell When Chris raised the price to $110, total revenue also fell Which of the following could explain this?

426At a price of $20 each, the demand for t-shirts from a group’s fundraising activity is unit elastic Thus, the group’s total revenue from selling t-shirts __ at a price of $20 each

427The responsiveness of the quantity demanded of one good to a change in the price of a different good is measured by the:

428If two products are substitutes, then the:

429If cross-price elasticity of demand between two goods is positive, the two goods are:

430The cross-price elasticity of demand between two goods that are substitutes can never be:

431If the cross-price elasticity of demand between lettuce and salad dressing is negative, then when the price of lettuce rises, the demand for salad dressing will __

432If the demand for salad dressing increases when the price of lettuce decreases, the cross-price elasticity of demand between salad dressing and lettuce will be _ because these two goods are _

433The cross-price elasticity of demand between bread and potatoes is estimated to be 05 This implies bread and potatoes are:

434If the cross-price elasticity of demand between blueberries and yogurt is negative, then the two goods are:

435If the cross-price elasticity of demand between two goods is -12, then the two goods are:

436Suppose that if the price of plane tickets increased, more people would choose to travel by train If this happened, you would know that:

437If most consumer goods and services are _, then most income elasticities are _

438During recessions, when some workers lose their jobs and have lower incomes, sales of durable goods (goods with a life expectancy of 3 years or more) decline Apparently, durable goods are:

439In surveying their alumni, State U’s economics department discovered that ramen noodle consumption declined once students graduated and found jobs One conclusion the survey team might draw from this result is that:

440If your income elasticity of demand for hot dogs is negative, then:

441A change in consumers’ incomes causes a change in:

442If the income elasticity for a particular good is negative, then:

443Suppose you believe that plaid flannel shirts are an inferior good, and want to test this with economic data You expect to find that the income elasticity for plaid flannel shirts is:

444You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -07 You should conclude that generic shampoo:

445The percentage change in quantity supplied that results from a 1 percent change in price is known as the:

446The price elasticity of supply at a point is:

447If a one percent increase in the price of oranges leads to a five percent increase in the quantity supplied, the price elasticity of supply for oranges is __

448Suppose an increase in the price of golf clubs from $75 to $125 leads to an increase in quantity supplied from 200 units to 300 units The price elasticity of supply for golf clubs at the original price of $75 is _, so supply is _

449Suppose an increase in the price of hamburger from $3 to $4 leads to an increase in quantity supplied from 100 units to 150 units At the original price, the price elasticity of supply for hamburgers is _ so supply is _

450Refer to the figure below What is the slope of the supply curve?

451Refer to the figure below What is the price elasticity of supply at point A?

452Refer to the figure below What is the price elasticity of supply at point B and point C?

453Refer to the figure below If P = $6, then the price elasticity of supply is:

454Refer to the figure below If the price rises from $10 to $14, what will happen to the price elasticity of supply?

455It takes many years to train to become an orthopedic surgeon This suggests that, in the short run, a sudden increase in the demand for orthopedic surgeons will:

456The inputs used to produce cupcakes (eg, flour, sugar, butter, and labor) are also used to produce cookies, cakes, muffins, pies and many other goods This suggests that:

457The price elasticity of supply for the Hope Diamond is zero because there is only one Therefore, the supply curve for the Hope Diamond is

458Suppose that each serving of Mac & Cheese costs $050 to make no matter how many servings are produced This means that the price elasticity of supply for Mac & Cheese is _ and the supply curve is _

459Antony’s Pizza uses the same dough, sauce, and cheese for pizza and calzones When the price of pizza is low Antony produces more calzones For Antony, the supply of pizza is __ compared to the supply at a pizza restaurant that does not serve calzones

460Oil and oil products remain the main fuel for cars, planes, ships, and power plants The amount of oil still in the earth is finite Given this information, the supply of gasoline is __

461The championship game will be held next weekend in your college’s 40,000-seat stadium The supply of tickets to the game:

462For Outback Steakhouse, seating capacity is limited in the short run In the long run, they can add as many seats as they want Therefore, the price elasticity of supply for meals at Outback would be __ in the short run than in the long run

463You read online that, at current rates of production, the yearly world supply of food is sufficient to feed the projected 2050 population of earth, but that after 2050 there will be massive starvation This prediction appears to assume that:

464In 1985 a desert community stopped pumping water from a 1000 foot well because it had run dry In 2005 the price of water doubled The community then drilled the well deeper and started pumping again In this community,

465The price elasticity of demand for a good measures the responsiveness of:

466The price elasticity of demand is a measure of:

467The percentage change in quantity demanded that results from a 1 percent change in price is known as the:

468When calculating price elasticity of demand, if the percentage change in price is negative, then the percentage change in quantity demanded is typically:

469If the price of cheese falls by 1 percent and the quantity demanded rises by 3 percent, then the price elasticity of demand for cheese is equal to:

470If the price of textbooks increases by one percent and the quantity demanded falls by one-half percent, then the price elasticity of demand is equal to:

471If the price of textbooks increases by one percent and the quantity demanded falls by one-half percent, then demand for textbooks is:

472The price elasticity of demand is typically expressed as a positive number because:

473If the absolute value of the price elasticity of demand for tickets to a football game is 2, then if the price increases by 1%, quantity demanded decreases by:

474If the absolute value of the price elasticity of demand for cell phone service is 3, then if the price of cell phone service increases by 1%, quantity demanded would:

475If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand?

476If a 10% decrease in the price of a good leads to a 20% increase in the quantity demanded, then what is the price elasticity of demand?

477If the price elasticity of demand for pineapples is 075, then a 4% increase in the price of pineapples will lead to a:

478If the price elasticity of demand for chicken is 2, then a 20% decrease in the price of chicken will lead to a:

479If the price elasticity of demand for cigarettes is 055, and the price of cigarettes increases by 10 percent, then the quantity of cigarettes demanded will fall by:

480The demand for a good is elastic if the price elasticity of demand is:

481If the price elasticity of demand for a good is greater than one, then the demand for that good is:

482The demand for a good is inelastic with respect to price if the price elasticity of demand is:

483The demand for a good is unit elastic with respect to price if the price elasticity of demand is:

484If the price elasticity of demand for a good equals one, then the demand for that good is:

485When the price of hot dogs is $150 each, 500 hot dogs are sold every day After the price falls to $135 each, 510 hot dogs are sold every day At the original price, what is the price elasticity of demand for hot dogs?

486When the price of NBA tickets is $25 each, 30,000 tickets are sold After the price rises to $30 each, 20,000 tickets are sold At the original price, the demand for NBA ticket is:

487If the percentage change in the price of a good is less than the resulting percentage change in the quantity demanded of that good, then the demand for that good is:

488If consumers respond to a 10% price reduction by buying twice as much of a particular good, we would conclude that:

489Suppose a 10% increase in the price of aspirin leads to a 5% decrease in the quantity demanded of aspirin The demand for aspirin, therefore, is

490If the percentage change in the price of a good is equal to the percentage change in the quantity demanded of that good, then the demand for that good is:

491If the demand for a good is highly elastic, that good is likely to have:

492If consumers can easily switch to a close substitute when the price of a good increases, demand for that good is likely to be:

493When the demand for a good is inelastic, that good is likely to have:

494If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

495Which of the following is likely to have the highest price elasticity of demand?

496For which of the following products is demand likely to be least elastic with respect to price?

497Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda They then notice that they are selling approximately 15% fewer sodas The price elasticity of demand for sodas from the campus vending machines, ther

498Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda If they then still sell almost the same number of sodas per day, this suggests:

499Suppose the price of a Snickers candy bar is $200 at both the airport and the grocery store The price elasticity of demand for a Snickers candy bar at an airport is likely to be __ the price elasticity of demand for a Snickers candy bar at the grocery s

500All else equal, the price elasticity of demand for a good tends to be lower:

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