A shift is demand will have more effect on price than quantity if ?

Related Mcqs:

Which of the following shifts the demand for watches to the right ?

A. an increase in the price of watches B. none of these answers C. a decrease in the price of watch batteries if watch batteries and watches are complements D. a decrease in consumer incomes if watches are a normal good E. a decrease in the wage of workers employed to manufacture watches...

When supply increase in an agricultural market farmer’s earning might fall because ?

A. Supply is price elastic B. Demand is price inelastic C. The government buys up all the excess production D. All output must be sold at a maximum price...

The prisoners Dilemma Game demonstrates that ?

A. players are better of to act independently B. monopoly is better than competition C. people will always cheat D. players are better off if they co-operate...

A shift in demand will have more effect on price than quantity if ?

A. The price elasticity of supply is + 3 B. The price elasticity of supply is + 0.2 C. The price elasticity of supply is + 2 D. The price elasticity of supply is infinity...

Tax shifting ?

A. is the way in which a tax is structured B. is the ultimate distribution of a tax’s burden C. occurs when taxes cause prices to increase but wages to fall D. occurs when house hold can alter their behaviour and do something to avoid paying a tax....