Question

The Rotterdam model can be used to estimate one form of this quantity, for which Richard Stone was the first to empirically derive a linear expenditure system. For a firm in a perfectly competitive market, this quantity is infinitely elastic. (10[1]-5[1])The Slutsky (10[1])equation relates the Marshallian form of this (10[1])quantity (10[1])to its Hicksian form by accounting for the substitution and income effects. The cross (10[1])elasticity of this quantity measures its sensitivity to changes in a different good’s price. For Veblen goods, this quantity [emphasize] increases as price increases, often due to the value of those goods as status symbols. For 10 points, what quantity is defined as consumers’ willingness and ability to buy a certain good? (10[1])■END■

ANSWER: demand [accept consumer demand; reject “spending”]
<Social Science>
= Average correct buzz position

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Kamil SwiatekAlbertaUBC A3910
Alan FanUW EnvyBoise State39-5
Dylan BianchiUW GreedUW Chastity4110
Matthew WangUBC BUW Lust4810
Stella BrownUW SlothUW Pride4910
Darrien LiangUW WrathUW Gluttony6310
Jacob BieriBoise StateUW Envy11510

Summary

2024 ACF Fall at CornellfallY8100%0%25%88.63
2024 ACF Fall at Ohio StatefallY8100%0%13%63.00
2024 ACF Fall at WashingtonfallY6100%0%17%59.17
2024 ACF Fall at GeorgiafallY9100%0%22%77.22
2024 ACF Fall at North CarolinafallY9100%0%22%84.22
2024 ACF Fall at Claremont CollegesfallY5100%0%0%64.80
2024 ACF Fall at RutgersfallY8100%0%0%58.63
2024 ACF Fall at IllinoisfallY9100%0%22%70.22