Demand for good is elastic if quantity demanded

Assignment Help Business Economics
Reference no: EM131005112

Demand for a good is elastic if quantity demanded ________________ in response to a price change. a. changes very little b. changes significantly c. stays the same d. changes either very little or substantially

Reference no: EM131005112

Questions Cloud

Identify and analyze aaliyah risk and protective factors : Analyze the case study and review your readings. Respond to the following: Identify and analyze Aaliyah's risk and protective factors for drug use. Describe at least two factors for each
Worth of new construction bonds : To pay off $41,000,000 worth of new construction bonds when they come due in 20 years, a water municipality must deposit money into a sinking fund. Payments to the fund will be made quarterly. If the interest rate for the sinking fund is 8% compounde..
Find better equality for them in our world trade system : In the unit lesson for this module, it is suggested that all things in trade are not equal. How would you help disadvantaged countries to find better equality for them in our world trade system? Please consider the Hecksher-Ohlin model when answering..
Calculate the arc elasticity of demand for buses on the run : Transit buses on a local San Francisco run carry 1000 passengers a day who are each charged 50 cents. The marketing department feels that by raising the price to 75 cents, ridership will decline by 200 persons (to 800 passengers a day). Suppose these..
Demand for good is elastic if quantity demanded : Demand for a good is elastic if quantity demanded ________________ in response to a price change. a. changes very little b. changes significantly c. stays the same d. changes either very little or substantially
Compute the investment at given time : Next, suppose that interests are compounded continuously. Compute S(t) in that case by letting d tend to infinity in the previous equation
Price elasticity of supply is always positive except : Price elasticity of supply is always positive except when supply is a. perfectly inelastic. b. relatively elastic. c. either relatively elastic or relatively inelastic. d. relatively inelastic.
Total hours worked in the nonfarm business sector : Between Q1, 2014 and Q1, 2015 measured Output in the non - farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%.
Produce dissonance for interrogators : What happens during police interrogations that can produce dissonance for interrogators? How do they redcue it? In what circumstances are prosecutors subject to dissonance? How do they reduce it? Provide and example

Reviews

Write a Review

 

Business Economics Questions & Answers

  Use the laws of demand and supply

Discuss how you can use the laws of demand and supply to explain the following scenarios: Scenario 1: After world gasoline prices jumped in the late 2000s, global bicycle sales rose to more than 1 million per month.

  Use marginal analysis to make a business decision

Assuming you are the chief executive officer (CEO) of wal mart , describe a situation in which you would use marginal analysis to make a business decision.  In creating your response, consider the following questions: What type of business decision w..

  Elucidate why these companies oppose laws allowing

Elucidate why these companies oppose laws allowing reimportation of drugs to the United States.

  Explain movements in the exchange rate in the short term

Exchange rates can be impacted over the long run or short run. a. There are four forces that affect exchange rates over the long run. Name them. b. Exchange rates can fluctuate quite a lot in a short period of time (a day or two). Which factors help ..

  Credit frictions themselves as source of business cycles

Many papers look at the impact of credit frictions onto business cycles, and they almost unambiguously find that credit frictions work as an amplification mechanism of other shocks. A lot of these models (in the tradition of Kiyotaki and Moore) have ..

  Who gains and who loses from a tariff

Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates.

  Increase the demand for heroin

Which of the following are likely to increase the demand for heroin? Suppose that Jane Margolis is an addicted heroin user. Ceteris paribus, if the murder of some of the heroin dealers in town causes the price of heroin to rise, we would expect that ..

  Games-strategies and decision making

A total of 10 players are each choosing a number from (0,1,2,3,4,5,6,7,8). If a player's number equals exactly half of the average of the numbers submitted by the other nine players, then she is paid 100 dollars; otherwise, she is paid 0. Solve for t..

  Monopolistic competitors average fixed cost

Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table: What will be the monopolistic competitor’s average fixed cost at the output it chooses? Why is the l..

  What assumption of the perfect competition model

Perfectly competitive markets are considered by economists to be effcient. Therefore government should let those markets run freely without intervention. The provisions of health care insurance, however, are mostly regulated by government in most dev..

  Income statement-statement of stockholders equity

Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..

  Shutting down production line-dispose of extrusion machine

Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a possible future product and estimates that the reservation value is $2..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd