انا تقريبا حليت كل الاسئلة بس مو متاكدة من حلي وفي كم سؤال مافهمتها ولا عرفت احلها الي هيا
8) The price elasticity of demand for furniture is estimated at 1.3. This value means a one percent increase in the
A) price of furniture will increase the quantity of furniture demanded by 1.3 percent.
B) price of furniture will decrease the quantity of furniture demanded by 1.3 percent.
C) quantity of furniture demanded will decrease the price of furniture by 1.3 percent.
D) quantity of furniture demanded will increase the price of furniture by 1.3 percent.
12) If demand is price elastic,
A) a 1 percent decrease in the price leads to an increase in the quantity demanded that exceeds 1 percent.
B) a 1 percent increase in the price leads to an increase in the quantity demanded that exceeds 1 percent.
C) a 1 percent decrease in the price leads to a decrease in the quantity demanded that is less than 1 percent.
D) the price is very sensitive to any shift of the supply curve.
26) For many goods, the price elasticity of demand increases over time because
A) people's incomes tend to increase over time.
B) inflation increases all prices and incomes over time.
C) the ability to find substitutes for a good whose price has risen increases over time.
D) None of the above answers is correct.
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