Microeconomics

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What is an aggregate demand curve a. The demand of an individual with respect to price b. The total ... Started by clmills979	1 Replies 15 Views	Jul 1, 2018 by joshbk44
If MR Started by bucstennis@aim.com	1 Replies 12 Views	Jul 1, 2018 by scikid
If MR>MC, then the firm should a. increase production b. decrease production c. keep the prices ... Started by Shelles	1 Replies 58 Views	Jul 1, 2018 by kswal303
In general, the smaller the price elasticity: a. the smaller the responsiveness of price to changes ... Started by beccaep	3 Replies 27 Views	Jul 1, 2018 by 1_Step_At_ATime
The price elasticity of demand tells us about a. The sensitivity of price to quantity b. The ... Started by jman1234	1 Replies 31 Views	Jul 1, 2018 by asdfasdf
The government decided to reduce taxes on fast-food to increase revenue. The government assumes that ... Started by Pea0909berry	1 Replies 109 Views	Jul 1, 2018 by nital
If the price elasticity of demand is -0.8 and the firm decreases price, revenue will a. Increase b. ... Started by lbcchick	1 Replies 102 Views	Jul 1, 2018 by batool
Jim has estimated elasticity of demand for gasoline to be -0.7 in the short-run and -1.8 in the long ... Started by washai	1 Replies 46 Views	Jul 1, 2018 by fwbard
A perfectly elastic demand curve a. Is a horizontal line parallel to the x axis b. Has an ... Started by melina_rosy	1 Replies 57 Views	Jul 1, 2018 by HandsomeMarc
If the current margin is greater than the desired margin, the firm should a. Increase production b. ... Started by Destiiny22	1 Replies 155 Views	Jul 1, 2018 by KKcool
If the quantity sold of two-liter Coke bottles increases by 10 when price falls by 2, what is the ... Started by anshika	1 Replies 46 Views	Jul 1, 2018 by bbburns21
A research firm's findings concluded that the demand for movie tickets is price elastic in the ... Started by jCorn1234	3 Replies 33 Views	Jul 1, 2018 by aburgess
An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her ... Started by Diane	1 Replies 18 Views	Jul 1, 2018 by katheyjon
Which of the following goods is most likely to have a negative income elasticity of demand? a. ... Started by CBme	1 Replies 40 Views	Jul 1, 2018 by Shshxj
Given that the own-price elasticity of demand for a brand of shoes is -2, the demand for this brand ... Started by neverstopbelieb	1 Replies 39 Views	Jul 1, 2018 by djpooyouma
If quantity demanded for rice falls by 4 when price increases 8, we know that the absolute value of ... Started by casperchen82	1 Replies 38 Views	Jul 1, 2018 by cclemon1
The demand for a product is more inelastic a. When it has many close substitutes b. In the ... Started by berenicecastro	1 Replies 33 Views	Jul 1, 2018 by epscape
The demand for a product is more elastic a. When it has few substitutes b. In the long-run c. When ... Started by kshipps	1 Replies 51 Views	Jul 1, 2018 by ndhahbi
Since demand is more inelastic for products that represent a smaller share of your income, which one ... Started by folubunmi	1 Replies 31 Views	Jul 1, 2018 by amandanbreshears
If cars are normal goods, a fall in income will a. Increase the demand for cars b. Decrease the ... Started by joe	3 Replies 101 Views	Jul 1, 2018 by cat123
As price increases, demand typically a. becomes more elastic b. becomes less elastic c. does not ... Started by neverstopbelieb	1 Replies 60 Views	Jul 1, 2018 by Kdiggy
A gas station opened up on the highway in a patch where there are no gas stations close by. It is ... Started by a0266361136	1 Replies 36 Views	Jul 1, 2018 by aburgess
Phil's filling station gas station operates on a patch on the highway in a patch where there were no ... Started by future617RT	1 Replies 74 Views	Jul 1, 2018 by matt
Gas stations can price the products that they sell in their convenience store a little bit higher ... Started by jace	1 Replies 74 Views	Jul 1, 2018 by raenoj
The manager of a gas station noticed that when prices in the convenience store of the gas station ... Started by pragya sharda	1 Replies 207 Views	Jul 1, 2018 by snackralk