Question Details

The factor(s) which cause(s) a movement along the demand curve 



1.	Iron ore is an example of a:
a.	durable good
b.	producers' good
c.	nondurable good
d.	consumer good
e.	none of the above


	
	2.	If the cross price elasticity measured between items A and B is positive, the two products are referred to as:
a.	complements
b.	substitutes
c.	inelastic as compared to each other
d.	both b and c
e.	a, b, and c


	
3.		When demand is ____ a percentage change in ____ is exactly offset by the same percentage change in ____ demanded, the net result being a constant total consumer expenditure.
a.	elastic; price; quantity
b.	unit elastic; price; quantity
c.	inelastic; quantity; price
d.	inelastic; price; quantity
e.	none of the above


	

	4.	Marginal revenue (MR) is ____ when total revenue is maximized.
a.	greater than one
b.	equal to one
c.	less than zero
d.	equal to zero
e.	equal to minus one


	

	5.	The factor(s) which cause(s) a movement along the demand curve include(s):
a.	increase in level of advertising
b.	decrease in price of complementary goods
c.	increase in consumer disposable income
d.	decrease in price of the good demanded
e.	all of the above





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