# As the unit price of hamburgers rises from \$10 to \$12 the quantity demanded of hamburgersfalls from 6,000 to 4,000. Calculate the price elasticity of demand of hamburgers using mid-A.point method. Is the demand elastic, unit elastic or inelastic?Assume the price elasticity of demand for hotdogs is elastic and price elasticity of supplyB.of hotdogs is inelastic. A new technology has just been developed and the hotdog producerscan now produce hotdogs at a lower cost. What impact would the new technology have onthe revenue of the hotdog producers? Explain your answer.C.An economy produces two goods, donut and yogurt. Below are the data for 2017, 2018 and2019.DonutYogurtYearPriceQuantityPriceQuantity\$5\$8\$10\$122017500500\$61,0001,00020181,500\$920192,000Use 2017 as the base year, calculate the percentage change in real GDP from 2018 to 2019. Suppose in an economy where consumers buy only the 3 goods in the table below.D.CoffeePotatoBananaYearPricePricePrice\$2\$2\$3\$120182019\$2\$2Assume the market basket contains 90 potatoes, 30 coffees and 100 bananas. With 2018 asthe base year, use the CPI (consumer price index) method to calculate the inflation rate in2019.

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thank you very much

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(A) Price elasticity measures the change in a quantity demanded (Q) due to change in a price...

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