MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 77
... fall in the price of a Walkman - a complement of tapes - increases the demand for tapes . At a price of $ 3 a tape ( row c of table ) , 4 million tapes a week are demanded when the Walkman costs $ 200 and 8 million tapes a week are ...
... fall in the price of a Walkman - a complement of tapes - increases the demand for tapes . At a price of $ 3 a tape ( row c of table ) , 4 million tapes a week are demanded when the Walkman costs $ 200 and 8 million tapes a week are ...
˹éÒ 88
... falls back to its original level . You can see that the fall in demand decreases the equilibrium price to $ 3 a tape and decreases the equilibrium quantity to 4 million tapes a week . Such a fall in demand could arise from a decrease in ...
... falls back to its original level . You can see that the fall in demand decreases the equilibrium price to $ 3 a tape and decreases the equilibrium quantity to 4 million tapes a week . Such a fall in demand could arise from a decrease in ...
˹éÒ 89
... fall in the price of a Walkman both raises the price of tapes and increases the quantity bought and sold , and how an increase in the supply of tapes resulting from an improved technology lowers the price of tapes and increases the ...
... fall in the price of a Walkman both raises the price of tapes and increases the quantity bought and sold , and how an increase in the supply of tapes resulting from an improved technology lowers the price of tapes and increases the ...
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allocative amount average total cost benefit budget line bushels buyers calculate capital cars change in price CHAPTER choices competitive consumer surplus consumption cost curve decreases demand and supply demand curve economic economists elasticity of demand equal equilibrium example factors of production falls Figure firm's firms graph haircuts higher hour household income effect increases indifference curve industry inelastic input interest rate isocost labor Lisa Lisa's long-run lower marginal cost marginal product marginal rate marginal revenue marginal revenue product marker pens million tapes monopoly movies and soda oligopoly opportunity cost output percent perfect competition Price dollars production possibility frontier profit quantity bought quantity demanded quantity supplied rate of substitution relationship rent rises sell short-run shows six-packs slope sold supply curve Swanky tapes a week tion total revenue total utility unemployment units utility per dollar wage rate wealth workers zero