2008 CFA Level 1 － Sample 样题(1)－Q17 black

8586

17、The demand for a given resource will most likely decrease if the prices of substitute resources and complementary resources, respectively:

	Prices of substitute resources	Prices of complementary resources
A.	Increase	Increase
B.	Increase	Decrease
C.	Decrease	Increase
D.	Decrease	Decrease

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

[此贴子已经被作者于2008-11-7 16:40:37编辑过]

8586

Correct answer = C

"Elasticity," Michael Parkin
2008 Modular Level I, Vol. 2, pp. 19-21
Study Session 4-13-a
calculate and interpret the elasticities of demand (price elasticity, cross elasticity, income elasticity) and the elasticity of supply, and discuss the factors that influence each measure
A decrease in the price of a substitute resource would induce producers to use the substitute resource, reducing demand for the resource in question. An increase in the price of a complementary resource would decrease demand for both resources. 

 

fyy8433

see

peter123

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cxz0858

A

michaelcfa

c, thanks

michaelcfa

c, thanks

Nelsonla

thanks

doggydaddy

c

skyful

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