Uppose the demand curve for a product is given by Q = 10 - 2P + Ps
where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is ​$2.00.
a. Suppose P = ​$1.00. The price elasticity of demand is. ​
b. Suppose the price of the good, P, goes to $2.00. Now what is the price elasticity of demand? What is the cross-price elasticity of demand?

Homestead jeans co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. monthly fixed costs are $54,000, and variable costs are $29 per unit. the present selling price is $42 per unit. on november 12 of the current year, the company received an offer from dawkins company for 18,000 units of the product at $32 each. dawkins company will market the units in a foreign country under its own brand name. the additional business is not expected to affect the domestic selling price or quantity of sales of homestead jeans co. a. prepare a differential analysis dated november 12 on whether to reject (alternative 1) or accept (alternative 2) the dawkins order. if an amount is zero, enter zero "0". for those boxes in which you must enter subtracted or negative numbers use a minus sign.

The movement of an economy from one condition to another and back again

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting