A change in which of the following will NOT shift the demand curve for hamburgers? ( )
A. the price of hot dogs
B. the price of hamburgers
C. the price of hamburger buns
D. the income of hamburger consumers
查看答案
If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods? ( )
A. Prices and quantities both rise.
B. Prices and quantities both fall.
C. Prices rise, quantities fall.
D. Prices fall, quantities rise.
A life-saving medicine without any close substitutes will tend to have ( )
A. a small elasticity of demand.
B. a large elasticity of demand.
C. a small elasticity of supply.
D. a large elasticity of supply.
When a good is taxed, the burden of the tax falls mainly on consumers if ( )
A. the tax is levied on consumers.
B. the tax is levied on producers.
C. supply is inelastic, and demand is elastic.
D. supply is elastic, and demand is inelastic.
Which of the following conditions does NOT describe a firm in a monopolistically competitive market? ( )
A. It makes a product different from its competitors.
B. It takes its price as given by market conditions.
C. It maximizes profit both in the short run and in the long run.
D. It has the freedom to enter or exit in the long run.
微信支付 
支付宝支付