上期真题答案：1.D 2.B 3.D 4.C 5.A

接下来是今天的真题，一起练起来呀~

1. An indirect tax on the production of a good will have no effect on price if demand is

A inversely related to price.

B of unitary elasticity.

C perfectly elastic.

D perfectly inelastic.

2.The diagram shows the demand curve for a product.

Which statement is correct?

A Demand is less elastic at higher prices than at lower prices.

B Consumer expenditure on the product always rises when price falls.

C Price elasticityof demand is different at every price.

D Price elasticity of demand equals one at every price

3.The diagram below shows the market demand curve (D) and two market supply curves (S1 and S2) for a good. The initial market equilibrium is at E1.

An increase in the cost of raw materials used in theproduction of the good shifts the supply curve from S1 to S2. What is the priceelasticity of demand for the good between E1 and E2?

A – 0.33  B – 1.33  C – 2.00D – 3.33

4.The diagram shows the relationship between the price and the total expenditure on a good.

Which statement is correct?

A The income elasticity of demand for the commodity is unity.

B The income elasticity of demand for the commodity is zero.

C The price elasticity of demand forthe commodity is unity.

D The price elasticity of demand for the commodity is zero.

5.A government wishes to impose a tax on a good so that the producer and not the consumer pays most of the tax.

Which type of elasticity would itbe best for the good to have to achieve this aim?

A high price elasticity of demand

B low price elasticity of demand

C totally inelastic price elasticityof demand

D unitary price elasticity ofdemand