4174043
Descrição
Quiz por 2016: Ignacio Pa, atualizado more than 1 year ago
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Criado por 2016: Ignacio Pa
mais de 8 anos atrás
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Questão 1
Questão
PED line with 0 slope means it is
Responda
-
Perfectly inelastic
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Perfectly elastic
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None of the above
Questão 2
Questão
a PED line that is completely vertical means that it is
Responda
-
Perfectly inelastic
-
Perfectly elastic
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None of the above
Questão 3
Questão
YED greater than 1 means
Responda
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Luxury good
-
Inferior good
-
none of the above
Questão 4
Questão
YED less than 0 means
Responda
-
Luxury good
-
Inferior good
-
None of the above
Questão 5
Questão
YED between 0 and 1 menas
Responda
-
Inferior good
-
Luxury good
-
None of the above
Questão 6
Questão
Company with inelastic goods should
Responda
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increase prices
-
lower prices
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No change
Questão 7
Questão
Companies with elastic goods should
Responda
-
increase prices
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lower prices
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no change
Questão 8
Questão
Companies that have goods that are unit elastic should do what to increase their profit
Responda
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increase price
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lower price
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doesnt matter what they do because their profit will always de the same
Questão 9
Questão
Unit elastic graph is seen as
Responda
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havisng a flat slope
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rectangular hyperbola
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undefined slope
Questão 10
Questão
Substitute goods have a
Responda
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positive cross elasticity
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negative cross elasticity
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not enough information to answer
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