Category: business-economics

Order the answer to: What section of a straight-line demand curve is elastic?

business-economics

Order the answer to: What section of a straight-line demand curve is elastic?

Posted By George smith

Question
What section of a straight-line demand curve is elastic?

Subject
business-economics

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Order the answer to: The demand curve for a good is Q = 1,000

business-economics

Order the answer to: The demand curve for a good is Q = 1,000

Posted By George smith

Question
The demand curve for a good is Q = 1,000 – 2p2. What is the elasticity at the point p = 10 and Q = 800? C

Subject
business-economics

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Order the answer to: Luchansky and Monks (2009) estimated that the U. S. demand

business-economics

Order the answer to: Luchansky and Monks (2009) estimated that the U. S. demand

Posted By George smith

Question
Luchansky and Monks (2009) estimated that the U. S. demand curve for ethanol is Q = p– 0.504 p1g.269 v2.226, where Q is the quantity of ethanol, p is the price of ethanol, pg is the price of gasoline, and v is

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Order the answer to: The demand curve for a good is Q = 100

business-economics

Order the answer to: The demand curve for a good is Q = 100

Posted By George smith

Question
The demand curve for a good is Q = 100 – 2p. What is the elasticity at the point p = 10 and Q = 80?

Subject
business-economics

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Order the answer to: When Apple raised the price of iTunes from 99¢ to

business-economics

Order the answer to: When Apple raised the price of iTunes from 99¢ to

Posted By George smith

Question
When Apple raised the price of iTunes from 99¢ to $ 1.29, GS Boyz’s “ Stanky Legg” sales dropped from 22,686 units to 19,692 units (Glenn Peoples, “ iTunes Price Change: Sales Down, Revenue Up in Week 1,” Billboard, April 15, 2009).

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Order the answer to: The U. S. Tobacco Settlement between the major tobacco companies

business-economics

Order the answer to: The U. S. Tobacco Settlement between the major tobacco companies

Posted By George smith

Question
The U. S. Tobacco Settlement between the major tobacco companies and 46 states caused the price of cigarettes to jump 45¢ (21%) in November 1998. Levy and Meara (2005) found only a 2.65% drop in prenatal smoking 15 months later. What is

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Order the answer to: During the spring and summer of 2008 when gasoline prices

business-economics

Order the answer to: During the spring and summer of 2008 when gasoline prices

Posted By George smith

Question
During the spring and summer of 2008 when gasoline prices were rising quickly, politicians in several countries proposed a moratorium on some or all gasoline taxes to consumers. In the United States, John McCain, the Republican candidate for president, proposed suspending

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Order the answer to: List as many industries as you can for which the

business-economics

Order the answer to: List as many industries as you can for which the

Posted By George smith

Question
List as many industries as you can for which the supply-and-demand model is likely to be appropriate.

Subject
business-economics

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Order the answer to: Quebec, Canada, offers a per-child subsidy on day care for

business-economics

Order the answer to: Quebec, Canada, offers a per-child subsidy on day care for

Posted By George smith

Question
Quebec, Canada, offers a per-child subsidy on day care for young children that lowers the price to $ 7 per child as of 2011 (at a cost of about $ 10,000 per child per year). a. What is the effect of this

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Order the answer to: If the government collects a $ 1 specific tax, what

business-economics

Order the answer to: If the government collects a $ 1 specific tax, what

Posted By George smith

Question
If the government collects a $ 1 specific tax, what share of the tax is paid by consumers and firms in each of the following cases? Explain why. a. The demand curve is vertical at quantity Q and the supply curve

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