A) more elastic in the short-term than in the long-term. B) more inelastic in the short-term than in the long-term. C) equally elastic in the short-term and in the long-term. D) neither more elastic, more inelastic nor equally elastic than in the short-term and in the long-term. A) more elastic in the short-term than in the long-term. B) more inelastic in the short-term than in the long-term. C) equally elastic in the short-term and in the long-term. D) neither more elastic, more inelastic nor equally elastic than in the short-term and in the long-term.

Exam 3: Quantitative Demand Analysis

A study has estimated the effect of changes in interest rates and consumer confidence on the demand for money to be: lnM = 14.666 + .021 lnC - 0.036 lnr, where M denotes real money balances, C is an index of consumer confidence, and r is the interest rate paid on bank deposits.Based on this study, a 5% increase in interest rates will cause the demand for money to:

(Multiple Choice)

4.9/5

(38)

Question 101

Suppose demand is given by Q _x^d = 50 - 4P_x + 6P_y + A_x, where P_x = $4, P_y = $2, and A_x = $50.What is the advertising elasticity of demand for good x?

(Multiple Choice)

4.7/5

(33)

Question 102

The demand for which of the following commodities is likely to be more price inelastic?

(Multiple Choice)

4.8/5

(41)

Question 103

If the absolute value of the own price elasticity of demand is greater than one, then demand is said to be

(Multiple Choice)

4.7/5

(40)

Question 104

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The own price elasticity of good X is

(Multiple Choice)

4.9/5

(41)

Question 105

The demand for good X is estimated to be Q_x^d = 10,000 - 4P_X + 5P_Y + 2M + A_X where P_X is the price of X, P_Y is the price of good Y, M is income and A_X is the amount of advertising on X.Suppose the present price of good X is $50, P_Y = $100, M = $25,000, and A_X = 1,000 units.What is the quantity demanded of good X?

(Multiple Choice)

4.8/5

(42)

Question 106

When marginal revenue is zero, total revenue

(Multiple Choice)

4.8/5

(30)

Question 107

When marginal revenue is positive, demand is

(Multiple Choice)

4.9/5

(33)

Question 108

Suppose Q _x^d = 10,000 - 2 P_x + 3 P_y - 4.5M, where P_x = $100, P_y = $50, and M = $2,000.Then good X has a demand which is:

(Multiple Choice)

4.8/5

(41)

Question 109

The own-price elasticity of demand for apples is -1.5.If the price of apples falls by 6%, what will happen to the quantity of apples demanded?

(Multiple Choice)

4.7/5

(40)

Question 110

The demand for good X is estimated to be Q_x^d = 10, 000 - 4P_X + 5P_Y + 2M + A_X, where P_X is the price of X, P_Y is the price of good Y, M is income and A_X is the amount of advertising on X.Suppose the present price of good X is $50, P_Y = $100, M = $25,000, and A_X = 1,000 units.Based on this information, goods X and Y are

(Multiple Choice)

5.0/5

(45)

Question 111

Demand tends to be

(Multiple Choice)

4.9/5

(43)

Question 112

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The cross price elasticity of demand between goods X and Y is

(Multiple Choice)

4.9/5

(36)

Question 113

A firm derives revenue from two sources: goods X and Y.Annual revenues from good X and Y are $10,000 and $20,000, respectively.If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0 then a 2 percent price decrease will

(Multiple Choice)

4.7/5

(38)

Question 114

The demand for women's clothing is, in general,

(Multiple Choice)

4.8/5

(44)

Question 115

The greater the standard error of an estimated coefficient:

(Multiple Choice)

5.0/5

(37)

Question 116

The demand for Wanderlust Travel Services (X) is estimated to be

(Essay)

4.9/5

(33)

Question 117

We would expect the own price elasticity of demand for food to be:

(Multiple Choice)

4.9/5

(39)

Question 118

If the income elasticity for lobster is 0.4, a 40% increase in income will lead to a:

(Multiple Choice)

4.7/5

(46)

Question 119

The own-price elasticity of demand for apples is -1.2.If the price of apples falls by 5%, what will happen to the quantity of apples demanded?

(Multiple Choice)

4.7/5

(35)

Question 120

Showing 101 - 120 of 166

Suppose demand is given by Q _x^d = 50 - 4P_x + 6P_y + A_x, where P_x = $4, P_y = $2, and A_x = $50.What is the advertising elasticity of demand for good x?

The demand for which of the following commodities is likely to be more price inelastic?

If the absolute value of the own price elasticity of demand is greater than one, then demand is said to be

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The own price elasticity of good X is

When marginal revenue is zero, total revenue

When marginal revenue is positive, demand is

Suppose Q _x^d = 10,000 - 2 P_x + 3 P_y - 4.5M, where P_x = $100, P_y = $50, and M = $2,000.Then good X has a demand which is:

The own-price elasticity of demand for apples is -1.5.If the price of apples falls by 6%, what will happen to the quantity of apples demanded?

Demand tends to be

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The cross price elasticity of demand between goods X and Y is

A firm derives revenue from two sources: goods X and Y.Annual revenues from good X and Y are $10,000 and $20,000, respectively.If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0 then a 2 percent price decrease will

The demand for women's clothing is, in general,

The greater the standard error of an estimated coefficient:

The demand for Wanderlust Travel Services (X) is estimated to be

We would expect the own price elasticity of demand for food to be:

If the income elasticity for lobster is 0.4, a 40% increase in income will lead to a:

The own-price elasticity of demand for apples is -1.2.If the price of apples falls by 5%, what will happen to the quantity of apples demanded?

The Fundamentals of Managerial Economics

Market Forces: Demand and Supply

The Theory of Individual Behavior

The Production Process and Costs

The Organization of the Firm

The Nature of Industry

Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets

Basic Oligopoly Models

Game Theory: Inside Oligopoly

Pricing Strategies for Firms With Market Power

The Economics of Information

Advanced Topics in Business Strategy

A Managers Guide to Government in the Marketplace

Filters

Exam 3: Quantitative Demand Analysis

Suppose demand is given by Q xd = 50 - 4Px + 6Py + Ax, where Px = $4, Py = $2, and Ax = $50.What is the advertising elasticity of demand for good x?

The demand for which of the following commodities is likely to be more price inelastic?

If the absolute value of the own price elasticity of demand is greater than one, then demand is said to be

The demand for good X has been estimated to be lnQxd = 100 - 2.5 lnPX + 4 lnPY + lnM.The own price elasticity of good X is

When marginal revenue is zero, total revenue

When marginal revenue is positive, demand is

Suppose Q xd = 10,000 - 2 Px + 3 Py - 4.5M, where Px = $100, Py = $50, and M = $2,000.Then good X has a demand which is:

The own-price elasticity of demand for apples is -1.5.If the price of apples falls by 6%, what will happen to the quantity of apples demanded?

Demand tends to be

The demand for good X has been estimated to be lnQxd = 100 - 2.5 lnPX + 4 lnPY + lnM.The cross price elasticity of demand between goods X and Y is

A firm derives revenue from two sources: goods X and Y.Annual revenues from good X and Y are $10,000 and $20,000, respectively.If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0 then a 2 percent price decrease will

The demand for women's clothing is, in general,

The greater the standard error of an estimated coefficient:

The demand for Wanderlust Travel Services (X) is estimated to be

We would expect the own price elasticity of demand for food to be:

If the income elasticity for lobster is 0.4, a 40% increase in income will lead to a:

The own-price elasticity of demand for apples is -1.2.If the price of apples falls by 5%, what will happen to the quantity of apples demanded?

The Fundamentals of Managerial Economics

Market Forces: Demand and Supply

The Theory of Individual Behavior

The Production Process and Costs

The Organization of the Firm

The Nature of Industry

Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets

Basic Oligopoly Models

Game Theory: Inside Oligopoly

Pricing Strategies for Firms With Market Power

The Economics of Information

Advanced Topics in Business Strategy

A Managers Guide to Government in the Marketplace

Filters

Suppose demand is given by Q _x^d = 50 - 4P_x + 6P_y + A_x, where P_x = $4, P_y = $2, and A_x = $50.What is the advertising elasticity of demand for good x?

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The own price elasticity of good X is

Suppose Q _x^d = 10,000 - 2 P_x + 3 P_y - 4.5M, where P_x = $100, P_y = $50, and M = $2,000.Then good X has a demand which is:

The demand for good X has been estimated to be lnQ_x^d = 100 - 2.5 lnP_X + 4 lnP_Y + lnM.The cross price elasticity of demand between goods X and Y is