Buyers in the market for dvds

Assignment Help Macroeconomics
Reference no: EM131104129

Mildred and Robert are the only buyers in the market for DVDs.

Mildred buys 12 DVD's when the price of a DVD is $9, 9 DVD's when the price of a DVD Is $11, and 8 DVDs a month when the price of a DVD is $15.

Robert buys 18 DVDs a month when the price of a DVD is $9, 6 DVDs when the price of a DVD is $11, and zero when the price of a DVD is $15.

In the market for DVDs the quantity demand ______

a. increases as the price rises

b. increases as the price falls

c. at $11 a DVD is 6 DVDs a month

d. at $9 a DVD is less than the quantity demanded at $11 a DVD

e. at $11 a DVD is 9 DVDs a month

Reference no: EM131104129

Questions Cloud

Why the equations describe a mutualistic interaction : Explain why the equations describe a mutualistic interaction. Determine the qualitative behavior of this model by phase-plane and linearization methods. Why is it necessary to assume that αβ
Currency-deposit ratio : To increase tax revenue, the U.S. government in 1932 imposed a 2-cent tax on checks written on bank account deposits. (In today's dollars, this tax would amount to about 34 cents per check.) a. How do you think the check tax affected the currency-..
Journalize the entry on july : On July 1, 2005, Blair Co. pays $18,000 to Hindi Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31.
Find statistics for juvenile gang activity in largest city : Read the National Gang Center Bulletin for November of 2010. In a minimum of 500 words and in narrative format outline the article. Give an overview that includes facts, statistics and recommendations for combating gang activity
Buyers in the market for dvds : Mildred buys 12 DVD's when the price of a DVD is $9, 9 DVD's when the price of a DVD Is $11, and 8 DVDs a month when the price of a DVD is $15.
Advise megan of the assessability of the income : You are to advise Megan of the assessability or non-assessability of the income earned in the current year for each of the activities in which she is involved - Your response will identify the key issues raised and provide a coherent argument for ..
Government purchases on investment : Suppose that consumption depends on the interest rate. How, if at all, does this alter the conclusions reached in the chapter about the impact of an increase in government purchases on investment, consumption, national saving, and the interest rat..
Brett favre repair shop had the following transactions : Brett Favre Repair Shop had the following transactions during the first month of business. Journalize the transactions.
Describe the impact of the following events on the market : Describe the impact of the following events on the market for autoworkers in Tennessee. (Note that Honda operates a factory in Tennessee.)

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate total cost and marginal cost

The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).

  The average pricegallon of gass in july over the past 4

the average pricegallon of gass in july over the past 4 years was 2.74 3.65 3.45 and 3.63. use linear regression to

  Capitalist and socialist systems

Think of a business company you recently visited. What motivated producers of all individual iteams in the store to make them and offer them for sale?

  Illustrate what research did krueger use to -help win

Illustrate what research did Krueger use to "help win" a rise in the minimum wage in 1996. What did his results show.

  Important information regarding price elasticity

Important information regarding Price Elasticity of Demand and Total Revenue

  Positive correlation of supply

What does a positive correlation of supply and demand mean in a demand curve?

  Assume the usa also canada are considering to trade

Assume the USA and Canada are considering to trade. Assume there are only two goods in the economy: potatoes and rice. The table below illustrates what each country can produce in a given year.

  Determine which operations are unnecessary

If surgeons really have the ability to increase the demand for operations, which kinds of operations will be most affected? Can you think of a way to determine which operations are unnecessary?

  Daily consumption of carbohydrates in diet

Bill can consume only 167 grams of carbohydrates daily,then how many cups of each food will he consume daily?

  Discusses the role of microfinance in poverty alleviation

The question is belongs to Economics and the question discusses the role of microfinance in poverty alleviation in Cambodia. Cambodia is a developing South East Asian country.

  Which country has comparative advantage in producing cars

Which country has comparative advantage in producing cars? Which country has comparative advantage in producing helicopters - Which country has absolute advantage in producing cars? Which country has absolute advantage in producing helicopters?

  When the goods and services to be ready for purchase

Each day millions of Americans purchase millions of goods andservices. These goods are services are generally readilyavailable, as long as you have the necessary money to purchasethem. How is it possible for all of these goods and services

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd