in general a flatter demand curve is more likely to be ?

Related Mcqs:

If consumers always spend 15 percent of their income on food. then the income elasticity of demand for food is ?

A. 1.50 B. 1.15 C. none of these D. 0.15 E. 1.00...

If supply is price inelastic the value of the price elasticity of supply must be ?

A. infinite B. Zero C. less than 1 D. none of these E. greater than 1...

A decrease in supply (shift to the left) will increase total revenue in that market if ?

A. demand is price inelastic B. supply is price elastic C. supply is price inelastic D. demand is price elastic...

Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

A. increase total revenue to farmers as a whole because the demand for food is elastic B. increase total revenue to farmers as whole because the demand for food is inelastic C. reduce total revenue to farmers as a whole because the demand for food is elastic D. reduce total revenue to farmers as a … Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?Read More...

If there is excess capacity in a production facility it is likely that the firm’s supply curve is ?

A. price inelastic B. none of these C. unit price elastic D. price elastic...