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Average visit per week equal 640 when the copayment is $40 and 360 when the copayment is $60.
A. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage change calculations.
B. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 360 and $60 as the denominators for percentage change calculations.
C. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 500 and $50 as the denominator for percentage change calculations. (This calculation funds finds the arc elasticity.)
D. How do your answers differ?
A country has national saving of $80 billion, government expenditures of $40 billion, domestic investment of $60 billion, and net capital outflow of $20 billion. What is its demand for loanable funds?
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A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
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The value of the action The cost of the action The difference between the benefit and the cost of the action
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q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
Decrease in demand is represented by a
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