Ünite Sınavı Soruları

What is a legal maximum on the price at which a good can be sold?

Two goods are either substitute to each other or they are complement to each other.  The response of demand for one good (good Y) to changes in the price of another good (good X).What is the elasticity that measures this condition, given in the following. 

Which of the following shows who pays the tax and how the tax burden is shared among buyers and sellers?

Which of the following factors affect demand price elasticity?

I. Whether the good has a close substitute

II. Whether the goods are compulsory or luxurious

III. The Importance of Being Unimportant

IV. Time Horizon

What is the difference in the amounts that a seller is paid for a good minus the cost to the seller?

What would be the price elasticity of demand at the midpoint of the demand curve?

Which of the following is calculated as the percentage change in the quantity demanded of the good divided by the percentage of change in the price of that good?

The concept of price elasticity of demand can be described  with what explanation is given in the options below? 

Which has a negative elasticity given in the items below?

I. Education

II. Health services (doctor visits),

III. Heating in the winter,

IV. Gasoline for car owners

V. Go to the cinema

"The income elasticity of demand measures the response of the quantity demanded to a change in .........................and is computed as the percentage change in the ..................... divided by the percentage change in income." Which concept pair should be put in the blank place in the sentence given in the options below? 

What is a legal minimum on the price at which a good or service can be sold?

What do we call the measure of how much the quantity demanded of one good responds to a change in the price of another good?

Point A Price 1 = 12 TL, Quantity 1 = 300
Point B Price 2 = 18 TL, Quantity 2 = 200

Based on the above data, what is the price elasticity of demand?

"When the price elasticity of demand is equal to zero, the shape of demand curve is .................. and when the price elasticity of demand is infinite, the shape of demand curve is......................................." Which of the following pairs fill the blanks correctly?

Which of the following is determined by the flexibility of producers/sellers to change the amount of the good or service they produce in response to price changes?

Which of the following options explains why the coefficient of price elasticity of demand is negative?

What is "the amount a buyer is willing to pay minus the buyer actually pays" called?

Which of the following concepts measures the price-sensitivity or responsiveness of consumers?

Which of the following is a measure of the response of quantity supplied of a good to a change in price?