Consider the following demand function for airline tickets (quantities are in thousands): upper q equals 10 minus 0.1 p subscript x baseline plus 0.4 p subscript y baseline plus 0.25 p subscript z baseline plus 0.005 upper y, where px = price of an airline ticket py = price of a bus ticket q = quantity demanded pz = price of gasoline y = consumer income according to the above equation, airline tickets and bus tickets are ▼ goods. if, in equilibrium, the cross-price elasticity between airline tickets and gasoline is 1.9; when the price of the gasoline increases by 1%, the quantity demanded of airline tickets increases by nothing% (enter your response rounded to two decimal places).
Answers: 1
Business, 22.06.2019 11:50, vdirectioner7634
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
Business, 22.06.2019 20:20, tytybruce2
Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
Business, 22.06.2019 21:30, jefersonzoruajas
Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.
Answers: 1
Business, 22.06.2019 23:30, katiebaby4109
Sole proprietorships produce more goods and services than does any other form of business organization.
Answers: 2
Consider the following demand function for airline tickets (quantities are in thousands): upper q e...
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