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The percent change in demand for a good divided by the percent change in the price of another good is known as the:
选项：

A: price elasticity of demand.
B: cross price elasticity of demand.
C: income elasticity of demand.

发布时间：2024-06-21 10:26:52

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1.The percentage change in quantity demanded that results from a 1 percent change in price is known as the: 选项： A:price elasticity of supply.; B: price elasticity of demand. ; C:income elasticity of demand. ; D:crossprice elasticity of demand.
2.The percentage change in quantity demanded that results from a 1 percent change in price is known as the:选项： A:price elasticity of demand.; B:cross-price elasticity of demand.; C:price elasticity of supply.; D:income elasticity of demand.
3.A government seeking to raise revenue would be most likely to tax a good with a ( )选项： A: high income elasticity of demand.; B:low cross-price demand elasticity.; C:high price elasticity of demand.; D: low price elasticity of demand.
4. Suppose the price of burgers increases from $2 to $3 each. The degree to which quantity demanded responds to this price increase depends on the 选项： A、 A) price elasticity of demand. B、 B) the price elasticity of supply. C、 C) income elasticity of demand. D、 D) cross elasticity of demand.
5.A change in consumers' incomes causes a change in:选项： A:supply.; B:the demand for normal goods but not the demand for inferior goods.; C:the cross-price elasticity of demand.; D:demand.
6.The price elasticity of demand is a measure of: 选项： A:the change in quantity demanded of a good that results from a change in its price. ; B:the change in price of a good that results from a change in its quantity demanded. ; C:the demand for a good. ; D: how consumers respond to excess demand.
7.The price elasticity of demand is a measure of:选项： A:the change in quantity demanded of a good that results from a change in its price.; B:the demand for a good.; C:the change in price of a good that results from a change in its quantity demanded.; D:how consumers respond to excess demand.
8.The cross elasticity of demand is calculated as the percentage change in the _.A．quantity demanded of one good divided by the percentage change in the price of another goodB．price of one good divided by the percentage change in the quantity demanded of another goodC．quantity demanded of one good divided by the percentage change in the quantity demanded of another goodD．price of one good divided by the percentage change in the price of another good.
9.A key determinant of the price elasticity of supply is the 选项： A:A、time horizon. ; B:B、income of consumers. ; C:C、price elasticity of demand. ; D:D、importance of the good in a consumer’s budget.
10. To determine whether a good is considered normal or inferior, one could examine the value of the_________. 选项： A、 price elasticity of supply for that good B、 income elasticity of demand for that good C、 price elasticity of demand for that good D、 cross-price elasticity of demand for that good
11.To determine whether a good is considered normal or inferior, one could examine the value of theA．income elasticity of demand for that good.B．price elasticity of demand for that good.C．price elasticity of supply for that good.D．cross-price elasticity of demand for that good.
12.The price elasticity of demand measures 选项： A、buyers’ responsiveness to a change in the price of a good. B、the extent to which demand increases as additional buyers enter the market. C、how much more of a good consumers will demand when incomes rise. D、the movement along a supply curve when there is a change in demand.
13. Cross-price elasticity of demand measures how _________. 选项： A、 strongly normal or inferior a good is B、 the quantity demanded of one good changes in response to a change in the quantity demanded of another good C、 the price of one good changes in response to a change in the price of another good D、 the quantity demanded of one good changes in response to a change in the price of another good
14.The price elasticity of demand measures 选项： A、A、buyers’ responsiveness to a change in the price of a good. B、B、the extent to which demand increases as additional buyers enter the market. C、C、how much more of a good consumers will demand when incomes rise. D、D、the movement along a supply curve when there is a change in demand.
15.If the price elasticity of demand for a good is 0.8, then which of the following events is consistent with a 4 percent decrease in the quantity of the good demanded?_________. 选项：A、a 5 percent increase in the price of the good B、a 4.8 percent increase in the price of the good C、a 0.2 percent increase in the price of the good D、a 3.2 percent increase in the price of the good
16.The cross price elasticity of demand for a substitute good and the income elasticity for an inferior good are:Cross elasticity Income 选项： A: <0 <0 B: >0 <0 C: <0 >0
17.What is price elasticity of demand? 选项： A:
a measure of how much the quantity demanded of a good responds to a change in consumers' income, computed as the percentage change in quantity demanded divided by the percentage change in income
B:
a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price
C:
a measure of how much the quantity supplied of a good responds to a change in the price of that good, computed as the percentage change in quantity supplied divided by the percentage change in price
D:
a measure of how much the quantity demanded of a good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in the price of the second good

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The percent change in demand for a good divided by the percent change in the price of another good is known as the: 选项： A: price elasticity of demand. B: cross price elasticity of demand. C: income elasticity of demand.

The percent change in demand for a good divided by the percent change in the price of another good is known as the:
选项：

A: price elasticity of demand.
B: cross price elasticity of demand.
C: income elasticity of demand.