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Q1) The demand for packs of Pokemon cards is given by the equation QD = 500,000 - 45,000P. Ata price of $2.50 per pack, what is the quantity demanded? At $5.00 per pack, what is the priceelasticity of demand?
Q2) The market for gravel has been estimated to have these supply and demand relationships:Supply P = 10 + 0.01QDemand P = 100 - 0.01Q,
where P represents price per unit in dollars, and Q represents sales per week in tons. Determine the equilibrium price and sales. Determine the amount of shortage or surplus thatwould develop at P = $40/ton.
Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient
What is the probability that the sample mean will be more than 9.0%
questionin november 2010 each and every mzumbe university student had an income of 150000 per month facing the price of
Show how to generate a supply and demand function from a information table that includes the supply and demand information for two different price levels.
a vendor is interested in the best price to charge at his various dispensers located in a given area. over a period of
answer the following questions related to the grossman modela explain the difference between health being considered as
Assume that the treasury is currently running large surpluses (tax collections exceed new government spending). On a S/D diagram show the effect on Treasury Bond markets of using these surpluses to buy back outstanding treasury securities.
How would a substantial appreciation in the European euro in the foreign exchange market affect the quantity of imports of European products by the U.S.? How would such an appreciation of the European euro affect travel by Americans to Europe?
Assuming other things equal and capital and labor are fixed in quantity and using our aggregate production function and factor market diagrams, illustrate what happens to output, the real retal rate on capital, and the real wage of labor following..
1. the following table shows the number of calculators that can be assembled per week by various numbers of
Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.
Name at least 10 goods and services for which the demand would be elastic or inelastic. What determines the price elasticity or inelasticity of demand of a good or a service Explain by referring to the list you have compiled. Submit your work in t..
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