Homework help for Microeconomics ...... please

Posted on 2014-03-18 12:23:00 in Economics by ALI

The _________ is the change in the quantity demanded of a good that occurs because a change in the price of the good changes the real income of the purchaser.

Question 14 options:



a- income effect



b- substitution effect



c- price elasticity of demand



d- income elasticity of demand



e- cross-price elasticity of demand

...............

The responsiveness of quantity demanded of good M when the price of good N changes is measured by the

Question 10 options:



price elasticity of demand.



income elasticity of demand.



price elasticity of supply.



preference elasticity of demand.



cross-price elasticity of demand.



.............



The market demand curve is

Question 2 options:



the vertical summation of all the demand curves of individuals.



positively sloped for some goods.



the horizontal summation of all the demand curves of individuals.



found by adding up all the different prices consumers would pay for a given quantity.



unaffected by changes in consumers' incomes.

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