in general a flatter demand curve is more likely to be ?

Related Mcqs:

1. in general a flatter demand curve is more likely to be ?

   A. price elastic
   B. none of these answers
   C. unit price elastic
   D. price inelastic

2. Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

   A. relatively greater then
   B. relatively less than
   C. the same as
   D. any of the above

3. Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations ?

   A. relatively greater than
   B. relatively less than
   C. the same as
   D. Any of the above

4. The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?

   A. At their lowest points
   B. When they are declining
   C. When they are increasing
   D. When marginal revenue is zero

5. In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?

   A. Upward-sloping portion of the average total cost curve
   B. upward-sloping portion of the average variable cost curve
   C. portion of the marginal cost curve that lies above the average total cost curve.
   D. entire marginal cost curve.
   E. portion of the marginal-cost curve that lies above the average variable cost curve

6. Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

   A. An fall in demand
   B. An increase in supply
   C. improvements in production technology
   D. An increase in demand

7. The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increase price and ?

   A. decreases unemployment
   B. decrease growth
   C. increases unemployment
   D. decreases inflation

8. The kinked demand curve model of oligopoly assumes the elasticity of demand ?

   A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
   B. is perfectly elastic if price increases and perfectly inelastic if price decreases
   C. is constant regardless of whether price increase of decrease.
   D. in response to a price increases is more elastic than the elasticity of demand in response to a price decrease

9. An increase in aggregate demand is more likely to lead to demand pull inflation if ?

   A. Aggregate supply is perfectly elastic
   B. Aggregate supply is Perfectly inelastic
   C. Aggregate supply is unit elastic
   D. Aggregate supply is relatively elastic

10. If interest rates rise then costs are likely to _______ and demand is likely to _________?

    A. rise, fall
    B. rise; rise
    C. fall; fall
    D. fall; rise