Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls.

A、remains constant and is greater than one.

B、remains constant and is less than one.

C、increases in absolute value from left to right.

D、decreases in absolute value from left to right.

A、buyers’ responsiveness to a change in the price of a good.

B、the extent to which demand increases as additional buyers enter the market.

C、how much more of a good consumers will demand when incomes rise.

D、the movement along a supply curve when there is a change in demand.

A、quantity demanded responds to a change in price.

B、quantity demanded responds to a change in income.

C、price responds to a change in demand.

D、demand responds to a change in supply.

A、The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.

B、Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer tastes.

C、Other things equal, if good x has close substitutes and good y does not have close substitutes, then the demand for good x will be more elastic than the demand for good y.

D、All of the above are correct.

A、less than 1.

B、equal to 1.

C、equal to 0.

D、greater than 1.

A、more likely the product is a luxury.

B、smaller the responsiveness of quantity demanded to a change in price.

C、more substitutes the product has.

D、greater the responsiveness of quantity demanded to a change in price.

A．the change in the quantity demanded of hamburger when hamburger increases by 30 pence per pound

B．the percentage increase in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per pound

C．the increase in the demand for hamburger when the price of hamburger falls by 10 per cent per pound

D．the decrease in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per pound

A．how far businessmen can stretch their fixed costs

B．the degree of competition in a market

C．the extent to which a demand curve shifts as incomes change

D．how responsive quantity demanded to price changes is