MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 115
... percentage decrease ( increase ) in the quantity demanded exceeds the percentage increase ( decrease ) in price The percentage decrease ( increase ) in the quantity de- manded equals the percentage increase ( decrease ) in price The ...
... percentage decrease ( increase ) in the quantity demanded exceeds the percentage increase ( decrease ) in price The percentage decrease ( increase ) in the quantity de- manded equals the percentage increase ( decrease ) in price The ...
˹éÒ 120
... percentage change in the quantity demanded divided by the percentage change in price . The larger the elasticity , the greater is the respon- siveness of the quantity demanded to a given change in price . When the percentage change in ...
... percentage change in the quantity demanded divided by the percentage change in price . The larger the elasticity , the greater is the respon- siveness of the quantity demanded to a given change in price . When the percentage change in ...
˹éÒ 487
... percentage of income ( or wealth ) against the cumulative percentage of fami- lies . The horizontal axis of the figure measures the cumulative percentages of families ranked from the lowest to the highest income . For example , the ...
... percentage of income ( or wealth ) against the cumulative percentage of fami- lies . The horizontal axis of the figure measures the cumulative percentages of families ranked from the lowest to the highest income . For example , the ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers