An economics teacher said that the price elasticity of demand for Leon's albums is almost zero for hs fans.This implies that______.
A. there are few substitutes for Leon's albums for his friend
B. a reductiom in the supply of Leon's albums will lead to only a increase in price
C. the gov't should impose a tax on the sale of
D. Leon's fans are so wealthy that their expenditure on his albums takes up a small proportion of their total expenditure
Economic problems?
2007-04-19 4:42 am
回答 (3)
2007-04-19 7:30 pm
✔ 最佳答案
price elasticity of demand (PED) is an elasticity that measures the nature and degree of the relationship between changes in quantity demanded of a good and changes in its price.Any number above 1 indicates relative elasticity. (In determining elasticity, absolute values govern--negative and positive signs may be omitted.) Numbers between 0 and 1 indicate relatively inelastic demand.
1. A. As there is no subsitude, the price change, the demand will not change much!
2. C. Impile that Ocean Park is not affect by Disney, as they are not subsitude of the other. So that whatever there is more function or lower price for disney will not affect ocean park.
Hope that you can understand the meaning and apply to your study.
2007-04-19 4:47 am
1. A
2. C
2. C
2007-04-19 4:46 am
1.B
2.C
Hope can help you.
2.C
Hope can help you.
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