Business
Business, 19.11.2019 06:31, xojade

As the price of good x rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good x from 650 units to 590 units. the price elasticity of demand for good x is and total revenue as the price of good x rises from $1.50 to $1.75.

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Business, 10.07.2019 08:30, adelheidclees
When p = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. for every $1 decrease in the price of this good, quantity demanded rises by 5 units and quantity supplied falls by 5 units. the equilibrium price of this good is the equilibrium quantity of this good is units?
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Business, 31.07.2019 06:10, chimbali9736
When the price of good a rises from $11 to $33, the quantity of good a demanded decreases from 400400 to 200200 units a day and the quantity of good c demanded increases from 150150 to 250250 units a day. from this information, we can determine that a. the cross elasticity of demand is positive, so the two goods are substitutes b. the goods are complements because as the price of good a changes so does the quantity demanded of good c c. the cross elasticity of demand is less than 1, so the two goods are substitutes d. good c is a normal good because as the price of good a rises, people switch to good c
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Business, 20.09.2019 01:00, mdaniella522
Using the midpoints method, calculate the price elasticity of demand of good x using the following information: when the price of good x is $50, the quantity demanded of good x is 400 units. when the price of good x rises to $60, the quantity demanded of good x falls to 300 units.
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Business, 01.10.2019 06:00, mayasofia
Using the midpoints method, calculate the price elasticity of demand of good x using the following information: when the price of good x is $50, the quantity demanded of good x is 400 units. when the price of good x rises to $60, the quantity demanded of good x falls to 300 units. a. the price elasticity of demand for good x -123 e b. the price elasticity of demand for good x -1.57. c. the price elasticity of demand for good x-0.64
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