Problem on decrease in demand for goods
For normal luxuries and goods, decreases in income tend to cause the: (i) Market prices to increase. (ii) Raises in quantities demanded. (iii) A reduction in demand for goods. (iv) Demand curves to shift to right. What is the right answer?
For normal luxuries and goods, decreases in income tend to cause the: (i) Market prices to increase. (ii) Raises in quantities demanded. (iii) A reduction in demand for goods. (iv) Demand curves to shift to right.
What is the right answer?
In an uncertain globe, people are supposed to try to make best use of their satisfaction by: (1) Determining in advance the mixture of goods that maximizes the utility and then purchasing this mix. (2) The procedure of trial and error. (3) Making marginal decisions ti
Taxes will be shifted forward completely when supply is positively sloped as well as the demand curve is, there contrary to economic reasoning: (1) perfectly inelastic. (2) perfectly elastic. (3) unitarily elastic. (4) flatter than supply.
In the past 4 decades, the still increasing globalization of trade has caused the United State automobile market to evolve by: (i) highly concentrated oligopoly towards monopolistic competition. (ii) pure monopoly to pure competition. (iii) a cartel t
When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total revenue will be roughly: (i) $40 million. (ii) $60 million. (iii) $80 million. (iv) $100 million. (v) $120 million.
Persistent shortages of a good are mostly all the time attributable to: (w) legal ceiling prices that are set below equilibrium. (x) recessions that yield high unemployment rates. (y) price gouging by firms with monopoly power. (z) legal price floors
Size Anomaly: The size effect terms to the negative relation among security returns and the market value of the common equity of a firm. The coefficient on size has extra explanatory power than the coefficient on beta in explaining the cross section o
An unregulated monopoly is a market structure: (w) which is especially inefficient when price discrimination is practiced. (x) inhabited by several firms, all selling identical goods. (y) composed of a single firm which controls the production and pri
When an oligopolist is aware about the firm faces a kinked demand curve, this: (1) may cut price along with little expected reaction by rivals. (2) can avoid consumer demand and preferences. (3) may keep product price despite large ch
Demands are possibly the least income elastic for very poor Americans for: (i) automobile services. (ii) Big Macs. (iii) lard. (iv) housing. (v) health care. Can anybody suggest me the proper expla
When this firm's marginal cost curve moved upward from MC2 to MC3, the firm would: (w) reduce output from Q3 to Q2 and increase price from P3 to P4. (x) reduce output by Q2 t
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