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提问人：网友wugufly 发布时间：2022-01-07

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The price of milk in a country increases from €1.00 per liter to €1.70 per liter, and the

quantity supplied does not change. This suggests the short-run supply of milk in this country is closest to being:

A.perfectly elastic, meaning elasticity of supply is infinite

B.perfectly inelastic, meaning elasticity of supply is zero

C.perfectly inelastic, meaning elasticity of supply is infinite

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更多“The price of milk in a country increases from €1.00 per liter to €1.70 per liter, and the”相关的问题

第1题

In a perfectly competitive industry, the demand curve for the total output of the industry may be downward sloping.

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第2题

The height of the supply curve () seller’s cost.

此题为判断题(对，错)。

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第3题

According to the theory of liquidity preference, the supply of real money balances is fixed

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第4题

The area below the demand curve and above the supply curve measures the producer surplus in a market.

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第5题

Home’s demand curve for wheat is D = 100 - 20P. Its supply curve is S = 20 + 20P. Now add Foreign, which has a demand curve D* = 80 - 20P and a supply curve S* = 40 + 20P. Home imposes a specific tariff of 0.5 on wheat imports. a.Determine the effect of the tariff on the welfare of each of the following groups: (1) Home import-competing producers; (2) Home consumers; (3) the Home government. b. Show graphically and calculate the terms of trade gain, the efficiency loss, and the total effect on welfare of the tariff.

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第6题

The competitive firm's short-run supply curve

A、a. is its marginal revenue curve, but only the portion where marginal revenue exceeds marginal cost.

B、b. is its marginal cost curve.

C、c. is its marginal cost curve, but only the portion above the minimum of average total cost.

D、d. is its marginal cost curve, but only the portion above the minimum of average variable cost.

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第7题

The only way to rationalize an upward slope for the short-run aggregate-supply curve is to argue that wages are sticky in the short run.

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第8题

Table 4-1 Price Firm A’s Quantity Supplied Firm B’s Quantity Supplied Firm C’s Quantity Supplied Firm D’s Quantity Supplied $0 10 0 0 0 $2 8 3 4 5 $4 6 6 8 10 $6 4 9 12 15 $8 2 12 8 20 $10 0 15 4 25 Refer to Table 4-1. Which supply schedules obey the law of supply?

A、Firm A’s only

B、Firm B’s, Firm C’s, and Firm D’s only

C、Firm A’s and Firm C’s only

D、Firm B’s and Firm D’s only

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第9题

A、4 units.

B、7.5 units.

C、10 units.

D、30 units.

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第10题

Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect the

A、demand for flour to increase.

B、demand for flour to decrease.

C、supply of flour to increase.

D、supply of flour to decrease.

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