A-Level经济真题每期一练（16）

上期真题答案：1.B 2.B 3.B 4.A 5.C

接下来是今天的真题，一起练起来呀~

1.

2.An industry’s supply curve is more likely to be price elastic in the short term if

A the industry uses scarce factor inputs.

B its firms are operating below their full capacity.

C its firms hold relatively low levels of stock.

D there are many substitutes for its output.

3.The supply function of good X is given by the equation

QS = 10PX

where PX is the price of the good and QS is the quantity supplied.

What can be deduced from the equation about the elasticity of supply of good X?

A It isequal to 0.0.

B It isequal to 0.1.

C It is equal to 1.0.

D It isequal to 10.0.

4.To calculate the percentage change in the quantity supplied of a good following a change in its price, the price elasticity of supply should be

A divided by the percentage change in price.

B divided by the percentage change in quantity.

C multiplied by thepercentage change in price.

D multiplied by the percentage change in quantity.

5. The price elasticity of supply for most goods is

A zero.

B between zero and –1.

C between –1 and minus infinity.

D positive