1.
If the income elasticity of demand for a good is negative it must be ?
2.
If there is excess capacity in a production facility it is likely that the firm’s supply curve is ?
3.
Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?
4.
A decrease in supply (shift to the left) will increase total revenue in that market if ?
5.
If a supply curve for a good is price elastic then ?
6.
The demand for which of the following is likely to be the most price inelastic ?
7.
in general a flatter demand curve is more likely to be ?
8.
The price elasticity of demand is defined as ?
9.
If consumers think that there are very few substitutes for a good, then ?
10.
If demand is linear (a straight line) then price elasticity of demand is ?
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