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Which of the following sets of conditions will lead to greater stability (or convergence) of prices in the Cobweb model (or Cobweb theorem)?
Suggested Answer: A
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40 comments · newest first
SI
Silvana
12 months ago
I agree with D, both inelastic conditions should keep things steady.
CA
Candra
12 months ago
Wait, isn't it surprising how inelastic demand can stabilize prices?
MA
Marquetta
12 months ago
Not so sure about A, sounds risky to me.
VE
Verlene
1 year ago
I think A is the right choice, more elastic demand helps!
IO
Iola
1 year ago
Definitely D, that combo leads to stability.
RO
Rosio
1 year ago
I’m confused about the elasticities. I thought price elastic supply could lead to instability, so maybe option B is less likely?
NU
Nu
1 year ago
I practiced a similar question, and I think price inelastic demand and supply would stabilize prices, leaning towards option D again.
KE
Kenda
1 year ago
I'm not entirely sure, but I feel like price elastic demand might cause more fluctuations. Could it be option A?
MA
Mayra
1 year ago
I think I remember that price inelastic demand and supply can lead to more stability, so maybe option D?
DI
Diane
1 year ago
This looks like a one-sample t-test to me. We have a sample mean and standard deviation, and we need to test if the mean is significantly different from the target of 15 pots per day.
MA
Marylin
1 year ago
If I remember correctly, I saw a similar question in practice where the ENIs were said to remain after the instance is gone. Maybe that's the answer?
AL
Alyce
1 year ago
The Brokered Authentication pattern sounds interesting, but I'm worried about the performance implications of introducing an additional service just for authentication. I'd want to make sure that doesn't create a bottleneck.
OL
Olive
1 year ago
This question seems straightforward, but I want to make sure I understand the key points about what needs to change in a DevOps environment compared to a traditional one.
VI
Vincenza
1 year ago
Haha, the Cobweb model? Sounds like something straight out of a spider's dream! I'll just go with C and hope for the best.
PA
Paola
1 year ago
User 4: Let's hope for the best outcome then!
CH
Chu
1 year ago
User 3: Yeah, I agree. Price elastic demand and supply should help.
AM
Amira
1 year ago
User 2: I know right! I think C is the best option for stability.
EL
Elke
1 year ago
User 1: Haha, the Cobweb model? Sounds interesting!
KR
Krystina
1 year ago
This is a tough one. I'm leaning towards D, but I'm not totally confident. Guess I'll have to study the Cobweb model a bit more.
TY
Tyra
1 year ago
C) Price elastic demand, price elastic supply
WI
Wilbert
1 year ago
B) Price inelastic demand, price elastic supply
OW
Owen
1 year ago
A) Price elastic demand, price inelastic supply
DO
Domonique
2 years ago
I'm not sure about this one. I guess C might work, but I'm really just taking a shot in the dark here.
CI
Ciara
1 year ago
I don't think D would lead to convergence of prices.
KA
Kathrine
1 year ago
D) Price inelastic demand, price inelastic supply
CE
Cecilia
1 year ago
I agree, C might be the best option for stability.
GE
Gearldine
1 year ago
C) Price elastic demand, price elastic supply
SH
Shaniqua
1 year ago
I'm not sure, but maybe B would work better.
HU
Hui
1 year ago
B) Price inelastic demand, price elastic supply
KA
Karol
1 year ago
I think A could lead to greater stability.
AL
Alyce
1 year ago
A) Price elastic demand, price inelastic supply
MO
Mona
1 year ago
C) Price elastic demand, price elastic supply
SC
Scot
1 year ago
Hmm, that might also lead to stability in prices.
MA
Maynard
1 year ago
B) Price inelastic demand, price elastic supply
FI
Fidelia
1 year ago
That could work, but let's consider the other options too.
SH
Shaunna
1 year ago
A) Price elastic demand, price inelastic supply
MO
Mona
2 years ago
Hmm, I think option B is the correct answer. Price inelastic demand and price elastic supply would lead to greater stability in the Cobweb model.
YO
Youlanda
2 years ago
I'm not sure about that. I think it might be A) Price elastic demand, price inelastic supply. If demand is elastic, but supply is inelastic, prices will tend to stabilize over time.
TA
Tammi
2 years ago
I agree with Judy. When both demand and supply are elastic, any fluctuations in prices will lead to adjustments that bring the market back to equilibrium.
JU
Judy
2 years ago
I think the answer is C) Price elastic demand, price elastic supply.