Suppose that bananas are a normal good and Woody is currently consuming 100 bananas at a price of 10 cents each.。
Suppose that bananas are a normal good and Woody is currently consuming 100 bananas at a price of 10 cents each.。
A.His Slutsky compensated demand curve going through this point is steeper than his ordinary demand curve.
B.His ordinary demand curve going through this point is steeper than his Slutsky compensated demand curve.
C.His ordinary demand curve is steeper to the left and his Slutsky compensated demand curve is steeper to the right of this point.
D.Whether his ordinary demand curve or his compensated demand curve is steeper, depends on whether his price elasticity is greater than 1.
正确答案:His Slutsky compensated demand curve going through this point is steeper than his ordinary demand curve.
- 上一篇:Walt considers x and y to be perfect substitutes.They originally cost 10 and 9 respectively.His income is 720.One day the price of x drops to 8.Which of the following is true?
- 下一篇:John purchases two goods, x and y.Good x is an inferior good for some range of income.There must be another range of income for which good x is a normal gooD.。