微经课后习题答案（The answer of the problem after class）.docVIP

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微经课后习题答案（The answer of the problem after class）.doc

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微经课后习题答案（The answer of the problem after class）

微经课后习题答案（The answer of the problem after class） microeconomics 1. (chapter 1) there are three linear demand curves of AB, AC and AD in the figure below. (1) compare the price point elasticity of demand of a, b and c. (2) compare the price point elasticity of demand of a, f and e. The solution (1) is based on the diagram of a, b, and c in a straight line, and line ab is parallel to line OQ, and line ab and line OP intersect and point E. At point a, In the point b, In the point c, So the demand for a, b and c The price point is elastic the same. (2) it is shown by the figure that the three points are in a straight line, and the line ae is parallel to the line OP, and the line ae and the line OQ intersect with the point G. At point a, On the point, At point e, Due to the GB GC GD So the 2. The relationship between the price elasticity of price elasticity of demand and the sales revenue of the manufacturer is illustrated by the graph, and examples are given. Answer: A) when Ed 1, sales at point a Income P? So Q is equal to the area of OP1aQ1, point b Sales income P? So Q is equal to the area of OP2bQ2. Obviously, the area is OP1aQ1 area OP2bQ2. Therefore, when Ed 1, the price reduction will increase the sales revenue of the manufacturers. The increase will reduce the sales revenue of the manufacturers, i.e. the price of the goods and the sales revenue of the manufacturers will be changed in the opposite direction. Lets say that a given commodity is equal to 2, when the price of a commodity is 2, the quantity demanded is 20. The manufacturers sales revenue is 2 x 20 = 40. When the price of the goods is 2.2, that is, the price rises by 10%, so the quantity demanded is reduced by 20% due to Ed = 2, which means the decrease is 16. Meanwhile, the sales revenue of the manufacturer is 2.2 x 1.6 = 35.2. Obviously, after the price increase, the sales revenue of the manufacturers decreased. B) when Ed is 1, sales at point a Income P? So Q is equal to the area of OP1aQ1, p