Price Elasticity of Demand(厦门大学2008研)
Price Elasticity of Demand(厦门大学2008研)
Price Elasticity of Demand(厦门大学2008研)
A.By separating customers into groups, companies can attract different groups with different prices
B.Companies can force everyone to pay the same price regardless of demand
C.Companies can ignore price elasticity, it cannot improve business
D.Customers are all the same and price elasticity is the same for all of them
The price elasticity of demand curve faced by a competitive firm is ______.
A.0.
B.-1.
C.-∞.
D.1.
The price elasticity of demand, for a given product, indicates______.
A.how far businessmen can stretch their fixed costs
B.the degree of competition in a market
C.the extent to which a demand curve shifts as incomes change
D.how responsive quantity demanded to price changes is
A.percentage change in quantity demanded divided by the percentage change in price
B.change in price divided by the change in quantity demanded
C.percentage change in price divided by the percentage change in quantity demanded
D.quantity demanded divided by the change in price
A.The price of the goo
B.Your tastes.
C.The prices of substitute goods.
D.Your incom
E.The elasticity of supply.
The price elasticity of demand for hamburger is______.
A.the change in the quantity demanded of hamburger when hamburger increases by 30 pence per pound
B.the percentage increase in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per pound
C.the increase in the demand for hamburger when the price of hamburger falls by 10 per cent per pound
D.the decrease in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per pound
A.-0.25
B.0.25
C.-4
D.4