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4.7 Which of the following is likely to lead to a fall in the price of good Q which is a normal good?
A A rise in the price of good P, a substitute for good Q
B A fall in the level of household incomes generally
C A fall in the price of good T, a complement to good Q
D A belief that the price of good Q is likely to double in the next 3 months
答案:B
4.8 According to the theory of the firm, which of the following statements describes an oligopoly?
A There are no barriers to entry into or exit from the market
B There is only one producer in the market
C There are four producers exerting considerable influence in the market
D There are many producers but they each use product differentiation to distinguish themselves from each other
答案:C
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