【单选题】If a 1% increase in the price of DVD players leads to a 3% reduction in its sales, we can conclude that: a. the supply of DVD players is perfectly inelastic. b. DVD players are inferior goods. c. the ...
【单选题】Gwen is consuming the optimal consumption bundle of potatoes and steak. Call this bundle A. Her income is $100, the price of steak is $10, and the price of potatoes is $1. Put potatoes on the vertical...
A.
. at bundle B, Gwen consumes more potatoes.
B.
. at bundle B, Gwen consumes fewer steaks.
C.
. at both bundles, the relative price is 10.
D.
. at both bundles, Gwen consumes the same amount of potatoes and steaks.