经济学基础大题（Foundations of Economics）.docVIP

经济学基础大题（Foundations of Economics） For everyone more happy winter vacation Answer source: Western Economics fifth edition after-school exercises, economics courseware. The level is limited, and the students hope to correct it Economic basis 1, the meaning and special case of demand theory: Meaning: if other conditions remain the same, the demand for a commodity changes inversely with the price, i.e., the demand decreases as the price of the product itself increases, and increases as the price of the goods itself decreases. Example 1: conspicuous goods such as jewelry, antiques, luxury cars, etc that represent a persons identity, status, and wealth. Demand and price change in the same direction 2, Kyrgyzstan Fen goods: that is, low necessities. Features: when prices rise, demand will increase 3 speculative commodities such as stocks, bonds, etc.. There is no law to follow 2, the meaning and special case of supply theory: Meaning: the quantity of a commodity that a producer is willing and able to provide over a given period of time and at various possible price levels An exception to a supply theorem, such as labor, scarce goods, etc 3, what are the characteristics of the indifference curve? First, the indifference curve is a line that slopes downward to the right, and the slope is negative. Show that in order to achieve the same degree of satisfaction, to increase the consumption of a commodity, it is necessary to reduce the consumption of another commodity. Suppose each commodity is limited to more than less, then there is no difference, the curve must be tilted to the lower right, that is to say, the slope must be negative. Only in exceptional circumstances, that is, when When a commodity is a neutral or unpleasant object, the indifference curve is horizontal or vertical, and even tilts to the right, i.e., the slope is positive. Second, in each commodity is not limited to more than less good premise, no difference in the curve, the higher the location or the farther