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Economics 2150A/B Lecture 8: lecture 30.10.19

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scarletmarten545
30 Oct 2019
School
Western University
Department
Economics
Course
Economics 2150A/B
Professor
Cho

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7

Economics 2150A/B Lecture 7: lecture 7, 22-10

8

Economics 2150A/B Lecture 8: lecture 30.10.19

11

Economics 2150A/B Lecture 11: lecture 19.11.19

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Related Questions

20. At the point on the demand curve where Q = 16 and P = 40, the elasticity of demand, expressed as a positive number, is: A)0 B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 7/5 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 O) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

19. At the point on the demand curve where Q = 10 and P=70, the elasticity of demand, expressed as a positive number, is: A) O B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 715 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 0) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

Under which of the following circumstances would the government be running a deficit?
 
A) G = $5 trillion; T = $5 trillion; TR = $1 trillion
B) G = $5 trillion; T = $7 trillion; TR = $1 trillion
C) G = $7 trillion; T = $7 trillion; TR = $0
D) G = $7 trillion; T = $10 trillion; TR = $3 trillion