Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question :Gas prices fluctuate often and in both directions. In your initial post, respond to the following:
How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer.
How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?
Consider incorporating the supply-and-demand model to demonstrate the elasticity of demand for gas and to show the effects of tax on the market for gas.
In your response posts to peers, describe in detail how your own actions reflect the ideas shared in the discussion, and relate that to the concept of elasticity.
Verified Expert
This document is prepared in the MS word is about the price elasticity of Gasoline. Consumers will definitely be very responsive to the price change when fluctuation occur due to changes in supply. As the law of supply states that when price increases so will supply and when price decreases so will the supply. Hence, when the price changes it has impacts.
Exceptionally proficient, made a stunning solution with regards to on the paper. He comprehended the task and completed paper before due date allocated. I will utilize his administrations once more. Best administration yet!
determine what price Katrina's Candies should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.
On the graph, use the letters to represent the area of relevant parts of the graph: What is the pre-tax consumer surplus? What is the post-tax consumer surplus? What is the pre-tax producer surplus
Does it predict the actual outcome well or Does it fail? If so, why? Lastly, express your opinion. Is there something policy makers can do to improve welfare? How?
the table provides information on the demand schedules for train travel for ann beth and cy who are the only buyers in
Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?
build and validate a multiple regression model.explicitly describe the following choose the dependent as well as the
Which of the following will not cause aggregate private spending to decrease?
a software producer has fixed costs of 120000 per month and her total variable costs tvc as a function of output q
d) Which input bundle represents efficient production of 100 units of output if the rental paid to capital is $25 and he wage paid to labor is $50? Round any decimals to the nearest hundredth. e) Derive the firm's cost function using the rental and..
(a) Calculate the number of firms on market
Consider the higher education industry (traditional on-campus) in terms of Porter’s Five Forces model. Where do you see threats of new entrants? What are potential substitutes for this industry?
video world operates a retail store that rents movie videos. for each of the last 10 years, Video World has consistently earned profits exceeding P250000 per month in rent for its building, but it uses only 50 percent
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd