12.The long-run supply curve of any good is (A) less elastic than the short-run supply curve. (B) more elastic than.the short-run supply curve. (C) inelastic but not perfectly inelastic ! (D) negatively sloped but above the demand curve.

11.The term consumer surplus refers to (A) the difference between the value of a good and the total paid for the good (B) the total value that a consumer places upon a good (C) the decreasing marginal utility that consumers receive from additional consumption of a good (D) the area between the demand curve and the horizontal axis.

12.The long-run supply curve of any good is (A) less elastic than the short-run supply curve. (B) more elastic than.the short-run supply curve. (C) inelastic but not perfectly inelastic ! (D) negatively sloped but above the demand curve.

其他試題

12.The long-run supply curve of any good is
(A) less elastic than the short-run supply curve.
(B) more elastic than.the short-run supply curve.
(C) inelastic but not perfectly inelastic !
(D) negatively sloped but above the demand curve.