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The price of good X falls. The income-effect of this price change:().

A、will usually cause X purchases to increase.

B、will usually cause X purchases to decrease.

C、may cause X purchases either to increase or decrease, there being no "usually" consequence.

D、by definition, neither increases nor decreases X purchases.

E、will not apply, since income-effects refer to changes in spendable income, not to price changes.

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更多“The price of good X falls. The…”相关的问题
第1题
The price of good X is $1.50 and that of good Y, $1.A particular consumer who evaluat

A.15 units

B.20 units

C.30 units

D.45 units

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第2题
The quantity of good X demanded by an individual may depend upon().

A.the individual's income

B.the price of X

C.the price of some other goods

D.all of the above

E.answers a and b, only

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第3题
The price of good X falls.The income-effect of this price change:().

A.will usually cause X purchases to increase

B.will usually cause X purchases to decrease

C.may cause X purchases either to increase or decrease, there being no "usually" consequence

D.by definition, neither increases nor decreases X purchases

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第4题
The demand curve for a normal good will shift to the right if().
The demand curve for a normal good will shift to the right if().

A、income increases

B、population increases

C、the price of a substitute good increases

D、all the above

E、none of the above

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第5题
If we know a consumer's tastes, if we know how much his income (or budget) is, and if we know the price of any one good, then we can predict how much of that good he will buy.()
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第6题
假设政府规定商品的最低价格,这会使生产者整体的处境恶化吗?请加以解释。Suppose the governmen

假设政府规定商品的最低价格,这会使生产者整体的处境恶化吗?请加以解释。

Suppose the government regulates the price of a good to be no lower than some minimum level.Can such a minimum price make producers as a whole worse off? Explain.

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第7题
假设某商品的供给曲线完全无弹性。如果政府规定的最高价格低于市场出清价格,这会导致无谓损失吗
?请加以解释。

Suppose the supply curve for a good is completely inelastic. If the government imposes a price ceiling below the market-clearing level, would a deadweight loss result? Explain.

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第8题
Fill in the contract form. in English with information gathered from the following corre

spondences: (20%)

Mail 1

Mar 3, 2021

Qingdao King Industrial & Trading Co.

Dear Sirs,

We thank you very much for your hospitality in your booth at the TEXTILES Fair 2021 in Frankfurt.

We are interested in table cloth Art. No.1001 in the packing of 20 pcs per box. The quantity will be one 20-foot container for a start.

Therefore, you are kindly requested to give us your best price rather than USD10.10 per box quoted at the Fair so that we can send you our order for prompt shipment.

We await your early reply with best regards.

Yours truly,

Boston Trading Co. Ltd., USA

Mail 2

Mar 5, 2021

Boston Trading Co. Ltd., USA

Dear Sirs,

It was a pleasure to meet you at the TEXTILES Fair 2021 and to receive your enquiry for our table cloth.

In fact, the price we quoted at the Fair is already the most favorable one. However, in order to save time and to start business, we will further lower our price as follows:

TABLE CLOTH ART. NO. 1001 AT USD 10.00/BOX CIF BOSTON

We are sure this will be acceptable to you. Let us start our business and we will offer you our best service.

We look forward to your early reply.

Yours faithfully,

Qingdao King Industrial & Trading Co.

Mail 3

Mar 6, 2021

Qingdao King Industrial & Trading Co.

Dear Sirs,

We thank you for your E-mail and new price, which we expected to be lower but will accept, noting that this is the first deal between us.

We would also like to order table cloth Art. No.2002 in 10-pc per box at the price of USD 12.50/box. Please confirm. Therefore, our order is as follows:

One 20-foot container of TABLE CLOTH ART. NO. 1001

One 20-foot container of TABLE CLOTH ART. NO. 2002

Packed in paper boxes of 20 pcs and 10 pcs respectively, 50 boxes to a carton respectively.

Shipment from Qingdao to Boston.

Please inform. us roughly how many cartons can be loaded in a 1X20’ container.

Please also inform. us of your payment terms and the earliest shipment date. We are awaiting your good service,high quality and the fine packing as you promised at the Fair, to enable both of us to build a good cooperation to our mutual benefit.

Yours truly,

Boston Trading Co. Ltd., USA

Mail 4

Mar 7, 2021

Boston Trading Co. Ltd., USA

Dear Sirs,

We thank you for your new order, but we find your price for 10 pcs/box table cloth of USD12.50 per box is too low. Our calculation points to USD12.80 per box. But in order to start, we think we can accept USD12.70/box. If you agree, we will fax you our Sales Contract for your signature.

Shipping marks are at our option.

Payment: by a confirmed, irrevocable Letter of Credit in our favor, payable by draft at sight.

Insurance is to be covered by us for 110% of the invoice value against All Risks.

Delivery: within 30 days after receiving the relative L/C.

For your information, according to our calculation, a 20-foot container can hold 600 cartons of 10-pc boxes or 300 cartons of 20-pc boxes.

Yours faithfully,

Qingdao King Industrial & Trading Co.

Mail 5

Mar. 8, 2021

Qingdao King Industrial & Trading Co.

Dear Sirs,

Thanks for your E-mail. We regret we are unable to accept USD12.70 for 10–pc boxes. The best we can do is USD12.60/box, for the start of our cooperation.

As we indicated earlier, you should accept the above price, taking into consideration the higher cost of freight at our expense.

Payment and date of shipment are acceptable. Please entertain our bid, so that we can proceed with the opening of the relevant L/C.

Yours sincerely,

Boston Trading Co. Ltd., USA

Mail 6

Mar. 10, 2021

Boston Trading Co. Ltd., USA

Dear Sirs,

As the cost of raw material is increasing sharply these days, we are facing big problems. Please appreciate our position.

However, in order to start the ball rolling, we accept your price for table cloth in 10-pc boxes at USD12.60/box. We are enclosing our S/C No. QK2021UB100. Please sign and return one copy for our file.

Also enclosed is our banking information. Please establish the covering L/C as soon as possible and fax us a copy of it for our reference.

We are glad to have concluded this initial transaction with you. We hope this would mark the beginning of a long-standing and steady business relationship between us.

Yours sincerely,

Qingdao King Industrial & Trading Co.

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第9题
2 Good Sports Limited is an independent sports goods retailer owned and operated by two pa
rtners, Alan and Bob. The

sports retailing business in the UK has undergone a major change over the past ten years. First of all the supply side

has been transformed by the emergence of a few global manufacturers of the core sports products, such as training

shoes and football shirts. This consolidation has made them increasingly unwilling to provide good service to the

independent sportswear retailers too small to buy in sufficiently large quantities. These independent retailers can stock

popular global brands, but have to order using the Internet and have no opportunity to meet the manufacturer’s sales

representatives. Secondly, UK’s sportswear retailing has undergone significant structural change with the rapid growth

of a small number of national retail chains with the buying power to offset the power of the global manufacturers.

These retail chains stock a limited range of high volume branded products and charge low prices the independent

retailer cannot hope to match.

Good Sports has survived by becoming a specialist niche retailer catering for less popular sports such as cricket,

hockey and rugby. They are able to offer the specialist advice and stock the goods that their customers want.

Increasingly since 2000 Good Sports has become aware of the growing impact of e-business in general and e-retailing

in particular. They employed a specialist website designer and created an online purchasing facility for their

customers. The results were less than impressive, with the Internet search engines not picking up the company

website. The seasonal nature of Good Sports’ business, together with the variations in sizes and colours needed to

meet an individual customer’s needs, meant that the sales volumes were insufficient to justify the costs of running

the site.

Bob, however, is convinced that developing an e-business strategy suited to the needs of the independent sports

retailer such as Good Sports will be key to business survival. He has been encouraged by the growing interest of

customers in other countries to the service and product range they offer. He is also aware of the need to integrate an

e-business strategy with their current marketing, which to date has been limited to the sponsorship of local sports

teams and advertisements taken in specialist sports magazines. Above all, he wants to avoid head-on competition

with the national retailers and their emphasis on popular branded sportswear sold at retail prices that are below the

cost price at which Good Sports can buy the goods.

Required:

(a) Provide the partners with a short report on the advantages and disadvantages to Good Sports of developing

an e-business strategy and the processes most likely to be affected by such a strategy. (12 marks)

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第10题
Most students choose "Homestay" accommodation when they study abroad: others s
elets Home- stay even if they are not on a study visit Satistics show that it' sa form. of accommodation gaining in popularity all the time.

But what is Homestay? And what makes it so popular?

Homestay means lving with a family, or "host family" as we say.There are three ways of doing it:

Choose to learn English in a language school near to your Homestay location; Have your English classes in the house with a member of the family who is a qualfied teacher; Select not to have classes at all when you visit- a popular choice if you want to do the tourist thing for example.Even in their busy summer period the organizations that arrange the Homestays will always try to place you with the most suitable host family to match your requirements.Placement(安置) organizations think about locatinterests,anguage lveleating requirements alrgies过敏)and other requests you may have.

Though prices vary according to your needs, good quality Homestay accommodation can be relatively economical and although you may be charged an extra amount of money if you want your Homestay in or near the city center Even if you stay further out, you can expect your journey into the center not to exceed 30 minutes.

Not only dpes Homestay accommodation represent value for money, it also gives you an excellent opportunity to practice English with your host familyThis is a very important extra for students who like to speak as much English as pssible.But if you plan to learn English, why not have your English classes in your host family.There' s no better way to lear English than this- the perfect combination of learning and accommodation combined with the cultural experience!

1.Homestay is an ideal choice for students who()。

A.want to leam statistics

B.plan to study overseas

C.plan to visit relatives

D.want to stay at home

2.Who will consider students' requirements before their Homestay starts?

A.The language school.

B.The host family.

C.The English teacher.

D.The placement organization.

3.Which of the fllowing is a key factor affecting the price of Homestay?

A.Students' specific needs.

B.Students language level.

C.Nationality of the host family.

D.Eating habits of the host family.

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