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I dont know how to get this answer. 20. Consider the market for paper. If revenue...
Question 3: The graph below is the market for hats Price 20 18 16 14 10 Demand 100 200 300 400 500 600 700 800 900 Duatit Refer to the above figure and answer the following questions: Using mid-point method calculate the price elasticity between points A and B and mention if the situation is price elastic or price inelastic? Using mid-point method calculate the price elasticity between points B and C and mention if the situation is price elastic...
i know the answer but i dont know how to get it
10. How many milliliters of 10.0 M HNO3 solution must be added to a LOL buffer system that is 0.001 M acetic acid (HC2H302) and 0.1 M sodium acetate (NaC2H302) to bring the pH to 5.452 The pka of acetic acid is 4.75 a. 1.58 ml d. 2.99 mL b. 3.92 mL e. It is impossible to tell from the given information c. 25.00 mL
Which of the following statements is true? Group of answer choices b and d. Total revenue is maximized when elasticity is one. Goods are said to be price inelastic when the elasticity is greater than two. Demand for milk is more elastic than demand for football tickets. Demand for 5-cent candy is more elastic than demand for sweaters.
please show work and write neat.
the answer is A. i dont know how to get it.
5. I wo point charges qı =10 mC and q2 = -30 mC are at positions ri=3i - 4j r2=91 +6j (meters units) respectively. What is the force of qon q: (Newtons)? A) (1.0i + 1.7j) *104 31- B) (1.7i - 2.8j) *104 11 +61 (-1.7 -2.8j) *10* D) (-1.0i - 1.73) *10* E) none of these answers
dont need multiple choicd just fill in the blank
In this problem, p is in dollars and is the number of units. Suppose that the demand for a product is given by + ?)=3-1380 (a) Find the elasticity when - s. (Round your answer to two decimal places.) (b) Tell what type of elasticity this is. Demand is elastic Demand is inelastic. Demand is unitary. (c) How would a price increase affect revenue? An increase in price increases revenue. An...
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have the answers for the first page the second page is what i need
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WORKSHEET 5 Below, you are provided with the dema calculate the price elasticity of demand as well as the total revenue associa a particular price increase leads to with the demand curve for tablet computers. You will City of demand at different points along this demand curve, evenue associated with each point. You will determine whether increase leads to an increase in total...
The price elasticity of demand for a product is -1.00. You know that... a. Sales Revenue ("Total Revenue") will increase if we raise the price. b. Sales Revenue ("Total Revenue") will increase if we lower the price. c. Sales Revenue ("Total Revenue") is maximized. It will fall if we change the price at all. d. Not enough information to answer this question.
1)Explain what it means when demand is inelastic? 2) If demand is elastic, total revenue will increase when the price decreases? True or False? 3) The price elasticity of supply will be a smaller number when it is relatively easy for sellers to increase their supply. ( True or False)? 4) Demand is more elastic when the absolute value of the price elasticity of demand is larger. ( True or False)? 5) If the quantity demanded of one good increases...
Consider the demand curve illustrated in the figure to the right. Is demand elastic or inelastic? O A. Demand is elastic at all prices above $10.00 and inelastic at all prices below $10.00. O B. Demand is inelastic at all prices above $10.00 and elastic at all prices O C. Demand is elastic at all prices above $12.00 and inelastic at all prices O D. Demand is inelastic (at all prices). O E. Demand is elastic (at all prices). At...
How can I get the answer -1.25?
Month QY Рx Ох PY $20 PZ $25 Qz 200 Jan 50 $10 100 Feb 90 25 225 10 18 60 Mar 70 275 10 15 90 25 25 290 Аpr May 12 50 15 100 15 25 320 25 15 120 Use the data from January and February. In the above table, the cross price elasticity of demand for good Z with good Y when PY falls from $20 (old price) to...