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

MCQOPTIONS

1.	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
Answer» D. The price elasticity of supply is infinity

Discussion

No Comment Found

Related MCQs

<p> A public good will ?</p>
<p> Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?</p>
<p> A positive externality occurs when ?</p>
<p> An increase (rightward shift) in the demand for a good will tend to cause ?</p>
<p> If the price of good is below the equilibrium price ?</p>
<p> Which of the following statements is true about the impact of an increase in the price of lettuce ?</p>
<p> Market failure may arise because of ?</p>
<p> Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?</p>
<p> A good example of a public good is ?</p>
<p> Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?</p>