题目
题目

2251-ECON-301-01Z-J1-1027 Quiz 5 (1% of Course Grade) - Chapter 6 - Demand

匹配题

Match the following demand functions/curves to its definitions. 1: Own-price demand curves 2: Income demand curves 3: Cross-price demand curves

选项
A.shows the relationship between income and the quantity demanded by a consumer, holding all else fixed
B.shows the relationship between the price of the good and the quantity demanded by a consumer, holding all else fixed
C.shows the relationship between one good’s price and the quantity demanded of a different good, holding all else fixed
查看解析

查看解析

标准答案
Please login to view
思路分析
To begin, restating the task helps organize the pieces: we are matching three demand concepts to their definitions. Option set to analyze: 1) shows the relationship between income and the quantity demanded by a consumer, holding all else fixed 2) shows the relationship between the price of the good and the quantity demanded by a consumer, holding all else fixed 3) shows the relationship between one good’s price and the quantity demanded of a different good, holding all else fixed Now let’s examine each option in the context of the three demand curves. Option A: 'shows the relationship between income and the quantity demanded by a consumer, holding all else......Login to view full explanation

登录即可查看完整答案

我们收录了全球超50000道考试原题与详细解析,现在登录,立即获得答案。

类似问题

Considering our class discussion, choose an answer to fill in the blanks: An arena management company raises ticket prices at the arena and finds that arena concession sales decrease. The demand curve for concessions was likely shifted ___________, and arena tickets and concessions are likely ____________.

Quantity Person A: WTP Person B: WTP Person C: WTP 1 $30 $25 $50 2 $20 $10 $35 3 $10 $0 $20 4 $0 $0 $5 The table above represents the individual demand curves for three different people for a good. Assume also that the market as as whole is made up of the three consumers in total. Assume the good is a private good (e.g. a ticket to a Broadway-type musical). If the price is set to $15 per ticket, how many tickets would "Person A" purchase? [ Select ] 2 0 3 4 1 If the price is set to $15 per ticket, how many tickets would be purchased in the market as a whole? [ Select ] Between 4 and 6, inclusive 0 Between 7 and 9, inclusive Between 1 and 3, inclusive more than 9 If the price rises to $45 per ticket, how many tickets would be purchased in the market as a whole? Between 1 and 3, inclusive

Changes in the price of cake cause the demand curve for cake to shift, whereas changes in income cause a movement along the demand curve for cake

In a consumer society, many adults channel creativity into buying things

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！