Question: Collect Right Answer.. 1. When The Price Of The Normal Material, Material X, Falls, Choose All That Are Appropriate. ① When Income Is Expected To Increase ② When Prices Are Expected To Rise ③ When The Supply Of Material Y, A Substitute Material, Increases ④ When The Demand For The Complementary Material Z Decreases ⑤ When A Certain Amount …

Question: Collect Right Answer.. 1. When The Price Of The Normal Material, Material X, Falls, Choose All That Are Appropriate. ① When Income Is Expected To Increase ② When Prices Are Expected To Rise ③ When The Supply Of Material Y, A Substitute Material, Increases ④ When The Demand For The Complementary Material Z Decreases ⑤ When A Certain Amount …

Collect right answer..

1. When the price of the normal material, material X, falls,choose all that are appropriate.

① When income is expected to increase

② When prices are expected to rise

③ When the supply of material Y, a substitute material,increases

④ When the demand for the complementary material Z decreases

⑤ When a certain amount of tax per unit is imposed on Xgoods

2. Choose all that are correct as an explanation for the priceelasticity of demand.

① If the demand curve is a straight line oriented downward, theprice elasticity is different at all points on the demandcurve.

② If someone always spends a certain percentage of their incomeon purchasing X goods, the price elasticity of demand for X goodsis constant

. ③ If the purchase amount for a good is a large proportion ofthe total expenditure, The price elasticity of yo is small.

④ If a consumer spends all of his income only on the purchase ofone good, the price elasticity of demand is zero.

⑤ If the price elasticity of demand is always constant, there isa possibility that the demand curve is straight.

3. Choose all that are correct as an explanation for consumersurplus.

① When prices are the same, the more elastic the demand, thegreater the consumer surplus.

② In the case of the same price, the more inelastic the demand,the greater the consumer surplus.

③ The more elastic the supply, the greater the consumersurplus.

④ The more inelastic the supply, the greater the consumersurplus.

⑤ When demand is completely elastic, consumer surplus iszero.

4. Choose all the correct explanations related to utilitymaximization.

① Consumers maximize satisfaction with a given budget bypurchasing each product so that the marginal utility per unit isthe same. can do.

② If the price of inferior goods rises, consumers reduce thepurchase of these inferior goods due to the substitution effect,but Because of this, it increases the purchase quantity

③ If the marginal utility of material X is greater than themarginal utility of material Y, a reasonable consumer increases thepurchase amount of material X and It will reduce the dosage.

④ Even if all of the given income is spent on the purchase ofgoods X and Y, it is guaranteed that the utility is maximized.There is no.

⑤ The slope (absolute value) of the budget line represents theamount of money that can be purchased for one unit of Ymaterial.

5. Suppose that the government can support income or subsidizefood prices for low-income people. The economic effect ofgovernment spending Choose all of the explanations for the lessonthat are correct. (However, the indifference curve of thelow-income class is convex with respect to the origin. All)

① If the policy goal is to increase the utility of individuals,price subsidies are more effective.

② In the case of a price subsidy policy, only substitutioneffect occurs.

③ Cash subsidy policies only generate income effects.

④ The reason why the price subsidy policy is inefficient isbecause the relative price changes.

⑤ In the two policies, the budget line for the low-income classis different.

6. Some consumers spend X and Y goods for a given income. Whilethe price of Y is unchanged, the price of X is When it fell 10%,this consumer’s purchase of Y goods decreased. Choose all that areright for this explanation. Please.

① Material X is a luxury material. ② Y is inferior. ③ Demand forX materials is elastic. ④ The price consumption curve is upwardupward. ⑤ Materials X and Y are substitutes for each other.