Suppose that two supply curves pass through the same point. One is steep, and the other is flat. Which of the following statements is correct?
A、The flatter supply curve represents a supply that is inelastic relative to the supply represented by the steeper supply curve.
B、The steeper supply curve represents a supply that is inelastic relative to the supply represented by the flatter supply curve.
C、Given two prices with which to calculate the price elasticity of supply, that elasticity would be the same for both curves.
D、A decrease in demand will increase total revenue if the steeper supply curve is relevant, while a decrease in demand will decrease total revenue if the flatter supply cure is relevant.
A、The flatter supply curve represents a supply that is inelastic relative to the supply represented by the steeper supply curve.
B、The steeper supply curve represents a supply that is inelastic relative to the supply represented by the flatter supply curve.
C、Given two prices with which to calculate the price elasticity of supply, that elasticity would be the same for both curves.
D、A decrease in demand will increase total revenue if the steeper supply curve is relevant, while a decrease in demand will decrease total revenue if the flatter supply cure is relevant.
微观经济学（全英）
章节列表
1. General Overview of Economics282. Principles of Economics353. Circular-Flow Diagram and PPF204. Interdependence and Trade205. Demand and Supply756. Elasticity717. Price Control and Taxation408. CS, PS and the Efficiency of Markets109. Costs of Taxation2510. International Trade3011. Externalities3112. Public Goods and Common Resources2013. The Costs of Production20