Multiple Choice
The proportionate change in quantity demanded by a good due to proportionate change in the price of the other good:
A) price elasticity
B) income elasticity
C) cross elasticity
D) demand elasticity
Correct Answer:
Verified
Correct Answer:
Verified
Q12: The relationship between quantity demanded of a
Q13: The ratio of the proportionate change in
Q14: MPS + MPC =?<br>A)2<br>B)0<br>C)1<br>D)3
Q15: Marginal rate of technical substitution is equal
Q16: The measurement of economic data:<br>A)mathematical<br>B)econometrics<br>C)business<br>D)statistics
Q18: Revenue function TR = 22x²+14, find Marginal
Q19: An increase in income lead to the
Q20: The first order derivative of Total Utility:<br>A)mu<br>B)tu<br>C)au<br>D)none
Q21: The relationship between the price of the
Q22: MRSxy is equal to:<br>A)mux/muy<br>B)mpx/mpy<br>C)mrts<br>D)none