单项选择题

If the prices of substitute resources decreased, the demand for a given resource will most likely:

A. increase.
B. decrease.
C. remain unchanged.

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单项选择题If a consumer is willing to pay $300000 for a house but only has to pay $240000, the $60000 difference is:

A. consumer surplus.
B. consumer deficit.
C. producer surplus.

单项选择题The cross elasticity of demand for a substitute good and the income elasticity for an inferior good are: Cross elasticity Income elasticity ① ＜0 ＜0 ② ＜0 ＞0 ③ ＞0 ＜0

A. ①
B. ②
C. ③