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A key determinant of the price elasticity of supply is the
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.
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.
B.the rate at which demand changes when price changes
C.how responsive the quantity demanded is to changes in price
D.the percentage-slope of the demand curv
E.None of these correctly defines what price elasticity of demand measures.
B.the quantity demanded at a given price
C.The shift in the demand curve when price changes
D.The demand for a product holding price constant
B.percentage change in price divided by the percentage change in quantity demanD
C.change in quantity demanded divided by the change in price
D.change in price divided by the change in quantity deman
D.
B.that the value of the consumer surplus is negative for a normal gooD
C.. that the changes in quantity demanded are much less compared to the changes in price for a normal goo
D.the direct relationship between price and consumer surplus from the commodity.
A、scuba diving on reefs
B、swimming with dolphins
C、hunting
D、wildlife observation
A、South Africa
B、Canada
C、Australia
D、the United States and Britain
A、A、Andi is spending all of her income on books and games.
B、B、Andi is spending one half of her income on books and the other half of her income on games.
C、C、the price of books relative to the price of games is different.
D、D、All of the above are correct.
A、A、remains the same.
B、B、shifts outward.
C、C、shifts inward.
D、D、rotates outward along the horizontal axis.
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