经济学基础练习题2（Economics basic exercise 2）.docVIP

经济学基础练习题2（Economics basic exercise 2） Fundamentals of economics exercise 2 (with answers) 1. Selection 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. Which of the following makes the total return increase? (A) A rise in price and lack of elasticity in demand; B prices fall, demand is inflexible; C prices rise and demand is elastic; 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 difficult to determine. It is assumed that the price of raw materials for some kind of product rises, then this product (C). A demand curve moves to the left; B demand curve moves to the right; C supply curve to the left; The D supply curve moves to the right. 5. The supply curve of a commodity is a straight line through the origin, so the price elasticity of the supply of the commodity (B). A varies with the price; B identity is equal to 1; C is its slope value; D is difficult to determine. Which of the following is not true? (D) A if the supply is reduced and the demand is constant, 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; D if demand decreases, supply increases, equilibrium prices will go up. 7. In the case of decreasing demand and supply, there will be (C). A equilibrium price decreases, and the equilibrium volume of sales decreases; B equilibrium price declines, equilibrium production sales cannot be determined; The equilibrium price of C is uncertain, and the equilibrium production and marketing spirit is reduced. The equilibrium price of D will go up, and the equilibrium volume will decrease. 8. Equilibrium price follows (D). A rise in demand and supply; B supply and demand, reduce and rise `; C demand reduction and inc