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西经答案文本文档(West answer text document)
西经答案文本文档(West answer text document)
The concise principle of Western Economics
Author: Ye Delei
First chapters
1. compare the elasticity of demand elasticity and the elasticity of supply of two products or services in the following groups:
(1) apples and table salt; (2) tape recorders and tapes;
(3) wheat and fashion; (4) haircut and travel.
Answer:
(1) the elasticity of demand elasticity of apple is larger, and the supply elasticity of salt is larger;
(2) the demand elasticity of the recorder is smaller, and the supply elasticity of the tape is larger;
(3) the elasticity of demand elasticity of wheat is small, and the elasticity of elasticity of supply of wheat is larger;
(4) the demand elasticity of haircut is smaller, and the elasticity of tourism supply is larger.
2. the relationship between the slope of the supply curve and the magnitude of the supply elasticity is analyzed.
Answer: supply large elasticity commodity, its supply curve is flat, the slope of supply curve is smaller.
3., with graphic analysis of the following market conditions of equilibrium prices and balanced production changes, and make a brief explanation:
(1) demand increases, supply remains unchanged; (2) demand decreases and supply decreases;
(3) demand is decreasing and supply is increasing.
Answer:
(1) balanced prices increase, balanced production increases;
(2) the equilibrium price is uncertain and the equilibrium output is reduced;
(3) equilibrium prices decrease and equilibrium output is uncertain;
4. some people say that the rising cost of college tuition has not reduced the number of students enrolled, and the law of demand does not work here. What do you think?
A: with the development of social economy and the improvement of peoples living standard, the demand for higher education is increasing, so that even if the cost of university tuition increases, the number of students entering school is not reduced. This does not mean that the demand rule does not work.
Fifth questions:
Q=M,
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