上期真题答案:1.C 2.B 3.C 4.C 5.D
接下来是今天的真题,一起练起来呀~
1. A product has a price elasticity of supply of +1.5. If its price falls from £10.00 to £8.00, its supply will
A decrease by 30%.
B decrease by 40%.
C increase by 30%.
D increase by 40%.
2. Market research estimates that a 100% increase in the price of coffee in Uganda leads to a 33% increase in the quantity supplied.This information suggests the supply of coffee in Uganda is
A income inelastic
B price elastic
C unit elastic
D price inelastic
3.A firmmakes televisions.
What doesthe elasticity of supply for the firm represent?
A the need to increase production because of a successful advertising campaign
B the possibility of switching production from other goods the firm makes to televisions
C the speed at which additional fixed factors used to produce televisions can be obtained
D the way the firm’s production changes as a result of a change in price of televisions
4. Price elasticity of supply in an industry is likely to be elastic when
A firms have limited stocks of raw materials.
B there are high barriers to entry into the industry.
C production involves the use of highly skilled labour.
D firms are operating below full capacity.