5. Find the demar Elasticity of Dem 1) E(x) = 2 %3D ) E(x) = x, if %3= ) = , if 4 E (x) %3D

P = 450 – 4Qp %3D 1 P =Qs + 25 4 Calculate demand elasticity at equilibrium: 1/8 O -1/8 8. -8

The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=1000//p barreis, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the decrease in demand if p rises to 56 and the increase in demand if p is decreased to 54. The demand D(55)= The decrease in demand =? barrels. The increase in demand =? barrels.

Compute to three decimal places. (See attached) Initial values are:      PX = $9500     PY = $10000   I = $15000      A = $170000   W = 160 This function is:        Qs = 89830 -40PS +20PX +15PY +2I +.001A +10W

only typed solution

Given: Qd = 800 - 4P Qs = 8P - 400 What is the Arc Elasticity where P = 150 and P = 100?

PRICE (Delars per tor 18 24 M 4 12 24 QUANTITY (Thousands of tons) Supply Demand O Total Revenue (Thousands of Dollars) Demand Supply Several growers are happy with this advancement in technology because now they can sell more crops, which they believe will lead to increases in revenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market. Using the midpoint method, the price elasticity of demand for pistachios between the price levels of $15 and 59 per ton is 0.33, meaning that between these two points, demand is inelastic. Thus, you can conclude that the grower's claim is incorrect because total revenue will increase due to the technological improvement. Confirm your previous conclusion by calculating total revenue in the pistachio market before and after the technological improvement. Enter these values in the following table. Before Technological Improvement After Technological Improvement

Numbers 5 adn 6 need to be answered. The function (8.6) needed in 5b has been included in a separate picture. Please show all work. Thank you.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

5.(a). Calculate the point advertising elasticity of demand for advertising expenditures (A) = $10000 also with PT = $10000 (which should make QT= 370). Other variables and their values are given at the top, before question #1. The formula is:     (b). Does this elasticity indicate that demand for Toyotas is very responsive to changes in advertising expenditures (thus suggesting that advertising is a very important way to increase sales)? Explain why or why not.