If the quantity demanded of peanuts increases by 20 percent when the price of peanuts falls by 50 percent, what is the price olasticity of demand for peanuta? The price elasticity of demand for peanuts is >>> Answer to 2 decimal places Based on the number you've calculated, the demand for peanuts is A. inelastic O B. unit elastic OC. elastic

Q: represents the market for coffee. Suppose S1 and D1 are the relevant supply au the market is in equi...

A: there is a positive relationship between the price and supply. A rise in price of good leads to rise...

Q: How do laws and politics affect the trade between states?

A: Worldwide alternate laws create the rules that international locations and groups need to comply wit...

Q: In the graph, how much is deadweight loss at a price of $12? P. 16 12 8. 40 60 O $0 O $60 O $70 O $8...

A: Deadweight loss refers to decrease in total surplus that results when efficient quantity is not prod...

Q: What determines how productive workers are? How do gains in labor productivity lead to gains in GDP ...

A: Labor productivity is an important economic indicator that is closely related to an economy's econom...

Q: Suppore twice Arsume mixed stratogjes (ran domi zing ng the thmee artion) dto and I pay the game rec...

A: The correct answer is 9. Since in Rock-Paper-Scissor the players choose simultaneously, your choice ...

Q: If the governments efforts to reduce demand are effective, what happens to price and usage of mariju...

A: If the demand is reduced by imposing heavy taxes and excise duty, then it would lead to the high pri...

Q: As the State, why would you NOT prioritize funding new and original work over reproductions of ‘grea...

A: A fund is a pool of money that is allocated for a specific purpose. Fund could be establised for man...

Q: are goods more expensive in 2021 with a CPI of 271.4 or in 1930 with a CPI of 17.7? Why or why not

A: Given: CPI 2021=271.4 CPI 1930=17.7

Q: 1. -- ) and leisure ( L), U = CL². The wage rate is $20 per hour, the price of consumption is $10 pe...

A: Here we calculate the utility maximizing and the MRS and consumption equal to real wage by using the...

Q: Answer parts (a) - (e) below based on the AE equation AE = 2,500 + 0.9Y. (a) What is the level of ...

A: Aggregate expenditure, AE is composed of consumption spending, investment spending, government purch...

Q: Basketball Production Cost Table Output per Day Total Cost Fixed Cost Variable ...

A:

Q: e figure above: - Find the equilibrium GDP. What happens to the left of that equilibrium? What happe...

A: The equilibrium condition: Y = C+I+G.  

Q: which statement is correct Price ceilings and price floors usually reduce the welfare of society be...

A: At the marketplace, market price is the determinants of market situation as a change in market price...

Q: What role did Texas play during the Civil War? 1848-1865

A: The Texas Revolution, also known as the Struggle of Texas Independence, was a war conducted between ...

Q: Suppose you are given the following information about a particular industry: QD = 3600 – 200P Market...

A: QD= 3600-200P QS=1000P

Q: Supply and Demand: End of Chapter Problem a. When the price of olive oil goes up, what probably happ...

A: (a) Olive oil and corn oil are substitute goods.  An increase in the price of olive oil will make it...

Q: Assume Canada is a large importer of raw materials from Otherland. Which of the following would like...

A: GDP measures the complete money or price of all finished merchandise and services created within a c...

Q: Why do some marginalised groups in the USA and Canada reject the idea of globalisation? In answering...

A: The relationship between policies that promote globalisation, economic growth, inequality, and pover...

Q: What are the different measures used by the government to control unemployment? How does Philip's cu...

A: The economics as a study is based upon the basic idea of scarcity of resources. The scarcity prevail...

Q: Do undocumented immigrants overall represent a net economic cost or benefit to the United States?

A: Immigration:-  The global movement of individual to a target nation where they will not be natives a...

Q: Refer to the figure below and assume that the values for points a, b, and c (the combined value of c...

A: At point a = $20 billion point b  = $40 billion point C = $36 billion

Q: How are developed countries helping developing countries?

A: While governments in developing countries struggle to enhance the living conditions of their citizen...

Q: Question 5 Contra Costa College purchases an old building for admiration work. Included in GDP. Not ...

A: GDP refers to the value of goods and services that are produced within the economy in the given year...

Q: The demand and supply of reserves are given in the following schedules: Supply (billion) S1,000 S1,0...

A:

Q: The price/demand function of a company is p= 42 – 0.001D and the cost function is 30D + 1200. Determ...

A: Given; Demand function; p=42-0.001D Cost function; TC=30D+1200 1) Optimal demand and value:- TR=P×D ...

Q: The New York Times has stated that Mylan, the company that makes the now infamous Epipen, has become...

A: A patent is a sort of intellectual property that grants its possessor the legal right to prevent som...

Q: Discuss the role of market mechanism in economic

A: Free market refers to the economic system in which the prices of goods and services are self regulat...

Q: The total design and construction cost for a sand filter machine to handle a flow rate of 0.7 millio...

A: Cost Inflation Index (CII) is used to estimate the increase in the prices of goods and assets year-b...

Q: In a __________ marriage, both husband and wife are in the labor market.

A: There are two type of marriages  1. civil  2.religious   

Q: Consider a world in which only two goods are sold: x and y, and where good x is inferior. A. |Write ...

A:

Q: GDP per capita tells us Mean income per person O Income distribution per person Wealth distribution ...

A: Gross domestic product is defined as the value of all the finished goods and services produced in an...

Q: Which of the following situations would lead to actual inflation of 3%? O A. future inflation is 1%;...

A: Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate ...

Q: Sourabh Gupta can purchase copper bottles for $ 34 per piece and can manufacture it in house where t...

A: Whether outsourcing would be good or manufacturing of the bottle depend on the cost occurence per bo...

Q: Assume two countries that produce and consume food and clothing. Country A uses: • 2 hours of labor ...

A: Answer to the first part of the question: As per the given information in the question, opportunity ...

Q: Calculate change in price uf elasticity of is-2 and percentage change  in Quantity demanded is 5%

A: To determine the link between quantity demanded and demand determinants, elasticity of demand is use...

Q: The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation rate...

A: The contribution of capital is 0.4 and it would affect the GDP accordingly. The rise in capital stoc...

Q: Use the concepts of income effect and subsitution effect to explain why the effect on desired saving...

A: Introduction: The income impact in microeconomics is the change in demand for an item or service pro...

Q: GDP does not take into account the underground economy, and offers measures of government production...

A: GDP refers to Gross Domestic Product. It is the sum of the value of all the goods and services produ...

Q: Use the following graph: The graph below pertains to the supply of paper to colleges and universitie...

A: Suppliers are the people who incur the costs of production and make the final goods available to the...

Q: 1. Upon what specific assumptions is the below production possibilities curve based? (It may help to...

A: Production Possibility Curve or PPC is the locus of the combination of two goods that can be produce...

Q: John quit his part-time job as a teacher earning AUD 40,000 per year to start his own food kiosk bus...

A: Formula to calculate:- Accounting Profit:- Accounting Profit=Total revenue-Explicit Cost Economic Pr...

Q: Price Quantity (dollars per demanded bushel) (bushels) 2,000 7 4,000 6,000 8,000 4 10,000 12,000 The...

A:   Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...

Q: 30. In land markets, the following characteristic is true:     Changes in demand have an outsized ...

A: The land markets consists of adequate institutional checks. The land markets provide the the ownersh...

Q: You have learned that poverty is an concern which the government has programs to address. An example...

A: The poverty trap is a trap from which it is tough to escape poverty for the people. It is a cycle of...

Q: demand curve in market 1 is p1 = 200 – y1. The inverse demand curve in market 2 is p2 = 400 – y2. Th...

A: The optimal price is the price at which a seller can make the most profit. In other words, the price...

Q: Apply the gravity model to India and China. Why has it taken so long for India and China to become s...

A: 1. Between 2014-15 and 2019-20, India's economic relationship with China has been characterised by t...

Q: I want to know the background of cashless economy. Like how it is start and the influence in the wor...

A: Sometimes the cashless economy is misunderstood with an economy without cash. Cashless economy has e...

Q: Data for 2019 (Base Year) Data for 2020   Quantity Price Quantity Price Potato 600 2.50 68...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: Nhen buyers of insurance have more information about whether they are high-risk or low-risk than the...

A: While purchasing insurance if one party has more information than other, the situation is called adv...

Q: Suppose the Australia Bureau of Statistics indicated that the Consumer Price Index (CPI) increased t...

A: A consumer price index is a price index that measures the cost of a weighted average market basket o...