【GHY学习网】Chapter 5：elasticity and its application—2015.05.docx

下载文档 降价啦

100
0
约15.89万字
约 126页
2017-04-08 发布于江苏
举报
版权申诉
保障服务

【GHY学习网】Chapter 5：elasticity and its application—2015.05.docx

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。

【GHY学习网】Chapter 5：elasticity and its application—2015.05

Chapter 5 Elasticity and Its ApplicationTRUE/FALSE1.Elasticity measures how responsive quantity is to changes in price.ANS:TDIF:1REF:5-0NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Definitional2.Measures of elasticity enhance our ability to study the magnitudes of changes.ANS:TDIF:1REF:5-0NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Definitional3.The demand for bread is likely to be more elastic than the demand for solid-gold bread plates.ANS:FDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive4.In general, demand curves for necessities tend to be price elastic.ANS:FDIF:1REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive5.In general, demand curves for luxuries tend to be price elastic.ANS:TDIF:1REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive6.Necessities tend to have inelastic demands, whereas luxuries have elastic demands.ANS:TDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive7.Goods with close substitutes tend to have more elastic demands than do goods without close substitutes.ANS:TDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive8.The demand for Rice Krispies is more elastic than the demand for cereal in general.ANS:TDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive9.The demand for soap is more elastic than the demand for Dove soap.ANS:FDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive10.The demand for gasoline will respond more to a change in price over a period of five weeks than over a period of five years.ANS:FDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpretive11.Even the demand for a necessity such as gasoline will respond to a change in price, especially over a longer time horizon.ANS:TDIF:2REF:5-1NAT:AnalyticLOC:ElasticityTOP:Price elasticity of demandMSC:Interpret