Question :
41.A pound of coffee _________________ than a pound sugar of : 1379010
41.A pound of coffee is _________________ than a pound sugar of because ________________.
A. less price elastic; it is a larger portion of one’s income
B. more price elastic; it is a larger portion of one’s income
C. less price elastic; people will have a longer time to adjust to the change in its price
D. more price elastic; people will have a longer time to adjust to the change in its price
42.A subway ride is ___________________ than a car because ___________________.
A. less price elastic; it is a smaller portion of one’s income
B. more price elastic; it is a smaller portion of one’s income
C. less price elastic; people will have a longer time to adjust to the change in its price
D. more price elastic; people will have a longer time to adjust to the change in its price
43.A movie ticket is _________________ than a ticket to a Broadway show because ______________.
A. less price elastic; it is a smaller portion of one’s income
B. more price elastic; it is a smaller portion of one’s income
C. less price elastic; it has less available substitutes
D. more price elastic; it has less available substitutes
44.The longer people have to adjust to a price change:
A. the more elastic their demand will be.
B. the less elastic their demand will be.
C. will not affect the elasticity of their response unless it is a luxury good.
D. will not affect the elasticity of their response unless the good is a necessity.
45.The response in demand of a price increase in subways rides:
A. will be more elastic in six weeks than in six months.
B. will be less elastic in six weeks than in six months.
C. will be the same over that time period.
D. is unpredictable without more information.
46.The resulting change in the quantity of gas demanded of increasing prices over the last decade:
A. has been more elastic than it has been in the last six months.
B. has been less elastic than it has been in the last six months.
C. has been relatively the same over that time period.
D. has become a non-issue for people now that they are used to high gas prices.
47.Classical music is _______________ than Beethoven’s music because _______________.
A. less price elastic; it is a smaller portion of one’s income
B. more price elastic; it is a smaller portion of one’s income
C. less price elastic; the scope of the market is more broadly defined
D. more price elastic; the scope of the market is more broadly defined
48.Ice cream is _________________ than frozen treats because ________________.
A. less price elastic; it is a smaller portion of one’s income
B. more price elastic; it is a smaller portion of one’s income
C. less price elastic; the scope of the market is less broadly defined
D. more price elastic; the scope of the market is less broadly defined
49.Steak is _______________________ than food because _____________________.
A. less price elastic; the scope of the market is more broadly defined
B. more price elastic; the scope of the market is more broadly defined
C. less price elastic; the scope of the market is less broadly defined
D. more price elastic; the scope of the market is less broadly defined
50.Shoes are ___________________ than sneakers because __________________.
A. less price elastic; the scope of the market is less broadly defined
B. more price elastic; the scope of the market is less broadly defined
C. less price elastic; the scope of the market is more broadly defined
D. more price elastic; the scope of the market is more broadly defined
