经济学基础练习题2(国外英文资料).docVIP

经济学基础练习题2(国外英文资料) The economics foundation exercises 2 (with answers) A, multiple choice Lets say that the cross elasticity of demand for goods x and y is negative, and then (A). A x and y are complements; B, x and y are substitutes; C, x and y are normal commodities; D x and y are inferior products. Which of the following conditions increases the total revenue? (A) A rise in price, lack of elasticity in demand; B prices are falling, demand is inelastic; The price of C goes up, the demand is flexible; D price goes down, demand unit elasticity. The income elasticity of demand for inferior quality is (B). A, is. B; C is zero; D is hard to pin down. Assuming the price of raw materials for a certain product rises, the product (C). A demand curve moves to the left; The B demand curve moves to the right; The C supply curve moves to the left; The D supply curve moves to the right. The supply curve of a commodity is a straight line through the origin, so the price elasticity (B) of the commodity is supplied. A varies with the price; B unit in 1; C for its slope; D is difficult to determine. Which of the following is not true? (D) A if the supply is reduced, the demand stays the same, the equilibrium price will go up; B if supply increases and demand decreases, equilibrium prices will fall; If demand increases, supply decreases and equilibrium prices rise. If demand decreases, supply increases, and equilibrium prices rise. In the case of reduced demand and supply, there will be (C). A equilibrium price goes down, and equilibrium sales decrease. The equilibrium price of B goes down, and the equilibrium price is uncertain. The equilibrium price of C is uncertain. D equilibrium prices rise, and equilibrium sales decrease. The equilibrium price follows (D). A rise in demand and supply; B supply and demand, reduce and rise `; The reduction in demand for C and the increase in supply; D demand increases and supplies decrease. Two, the noun explanation Price elasticity of demand Pri