What is an example of an inselastic product? a. Home and laptop c. Heart surgery and housing housing b. Car and heart surgery d. Laptop and car

Q: a. Why do suppliers want to create more inelastic demand relationships in the products that they…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: 1.Suppose the price of gasoline rises from $1.89 to 2.17 per gallon, and in response the quantity…

A: Here we calculate the followings terms by using the given information , so the calculation of the…

Q: Question 6 (i) The price elasticity of demand of a good is 0.46. Which of the following is(are)…

A: The price elasticity of demand for a good is 0.46 implies that good is inelastic in nature.Inelastic…

Q: Problem 12: A consumer buys 80 units of a good at price of 5 per unit. If price elasticity of demand…

A:

Q: 5. If elasticity of demand is very low it shows that the commodity is

A: Elasticity of demand measures how much responsive the quantity demanded is towards any changes in…

Q: Suppose that business travelers and vacationers have the following demand for airline tickets from…

A: Given  Price Quantity demanded (Business travellers)  Quantity demanded (Vacationers) $150 2100…

Q: 1.Suppose the price of gasoline rises from $1.89 to 2.17 per gallon, and in response the quantity…

A: price elasticity refers that the change in income due to change in price so we can solve all parts…

Q: 30. If the demand Curve is the form of P= 10e ? where P is the price and x is the demand, what is…

A: 30) P= 10e-x/2 Ed= % change in quantity/ % change in price     = (dx*dP)*P/x  Given the demand…

Q: 40 15 35 30 30 45 25 60 20 75 15 90 10 105 120 135 11. Using the schedule above, calculate the…

A: An elastic demand is one in which the change in quantity demanded due to a change in price is large.…

Q: 6. Income elasticity of demand for streaming video is 0.5, which indicates that streaming video is…

A: we can choose the correct option as follow-

Q: Refer to the figure below. Calculate; i. Slope? Price elasticity of demand using elasticity formula?…

A: From the graph, the points are A(10,100), B(12,50) i. Now, calculate the slope using the formula…

Q: 3. Which good would you expect to have a more elastic demand? Why? Choose on a. Water or diamonds b.…

A: Definition: elasticity of demand alludes to how delicate demand for a decent is contrasted with…

Q: 6 The demand for champagne is given by D= 5P . The elasticity of demand is: a. 4 b. -4 C. P4 d. P4

A: Formula for elasticity of demand is Ed=dDdP×PD

Q: 1. When the price of coffee changed from $4.50 to $5.55, the quantity demanded changed from 185 to…

A: The price of coffee changed from $4.50 to $5.55, the quantity demanded is changed from 185 to 150.

Q: 7) If the income elasticity of demand for books is 1,5, a 10 % increase in the income of consumers…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: a) You have the following information foryour product:•The price elasticity of demand is -0.9. • The…

A: Note- Since you have posted multiple independent questions in the same request, we will solve the…

Q: 6)The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a he…

A: Price elasticity of demand of a good is the measure of responsiveness of quantity demand due to the…

Q: 1. A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls…

A: Elasticity of demand is defined as type responsiveness of the quantity demand when price of the…

Q: Determinants of the price elasticity of demand Consider some determinants of the price elasticity of…

A: Part A: Suppose if a good has close substitute goods, then if the price of that good rises, people…

Q: 6. If the demand for chapati is elastic, then a decrease in the price of chapati will: aIncrease…

A: Price elasticity of demand can be defined as the ratio of the change in percentage of quantity…

Q: Elasticity Consider the following demand equation for good a. Good a demands is a function of income…

A: Price elasticity of demand refers to the responsiveness of the quantity demand to a change in the…

Q: Table 2 Price Quantity demanded (millions of rooms per night) (dollars per room per night) 200 250…

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…

Q: Pleased answer attached

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: 4. Consider the demand function q= D(x)=√300x² a) Find the elasticity of demand. b) the elasticity…

A: Price elasticity of demand refers to the responsiveness in the quantity due to any change in price.…

Q: The demand for movie tickets in a small town is given as QO = 1,000 – 50P | Answer the following…

A: Given: qD=1000-50pNow,dqdp=∂q(D)∂Pdqdp=-50Now,we have to determine unit elastic of demand Thus,ED=-1

Q: Suppose you are given a task for analysis the market elasticity for Sport Bike. You found that when…

A: Price elasticity of demand (PED) is the responsiveness of a percentage change in quantity demanded…

Q: 4. The demand for good X has been estimated by Qx= 12 - 3P, + 4Py. Suppose that good X sells at $2…

A:

Q: 2. When price of A $10, quantity demanded 50. Then, price of A increase $3, quantity demanded…

A: The formula for calculating cross price elasticity is given below. Cross price elasticity=Q2 good…

Q: Why do suppliers want to create more inelastic demand relationships in the products that they sell?

A: Elasticity is the change in quantity demanded due to a change in price.  E = 1 Unitary Elasticity…

Q: The demand equation for a product is given I 4pq + 3p² + q = 82 dq a) Show that %3D dp -4q-6p ( show…

A: The elasticity of demand shows the responsiveness of quantity demanded due to price change. It can…

Q: Consider a demand curve: P = 20 - 2Q. The the new price is $10 dollars. The old quantity is 3 units.…

A: We have, Demand function, P= 20-2Q Here P = Price and Q = Quantity  The new price = P1= $10 The old…

Q: ecause of a typhoon in the city, the price of cabbages rose from P60.00 to P80.00, and the quantity…

A: Given  P1= 60 P2 = 80 Q1  =150  Q2 =100 Due due typhoon, the price of cabbages increase from 60 to…

Q: 5. The demand equation for a good is given by the equation: Q, = 520 – 20P, +0.6Y + 2.9P, a. Find…

A: Given, Demand equation   Qx = 520 - 20Px + 0.6Y + 2.9Py (a) Px = 10      Y  = 700      Py = 21…

Q: QUESTION 2 Imagine that the demand for a particular good is described by the following equation:…

A: Given: Qd = 20-4PIf the initial price P1 is $2Then the Qd1 = 20-8 = 12 unitsLet us assume price P2…

Q: 5. The demand equation for a good is given by the equation: Q₁ = 520-20P, +0.6Y +2.9P, a. Find the…

A: here the demand equation is:- Qx=520-20Px+0.6Y+2.9Py where,Px=10Y=700Py=21 So,…

Q: price elasticity point of demand

A: Option (b). Price elasticity = % change in Q / % change in P - 3 = % change in Q / 2% % change in Q…

Q: 7. Price Elasticitiy of Demand You are the curator of a museum. The museum is running short of…

A: Elasticity is defined as the responsiveness or sensitiveness on the demand if the factor influencing…

Q: 7. If the price elasticity of demand for a good is -0,5 and the firm increases the price of this…

A: Answer: (7). d (decrease by 5%) Explanation: Elasticity shows the % change in quantity demanded due…

Q: Home Depot Earnings Hammered As gas and food prices increased and home prices slumped, people had…

A: Income elasticity of demand measure the change in quantity demanded in response to a percentage…

Q: The price goes from $4 to $2. the quanity demanded goes from 800 to 1000. what is elasticty of…

A: Price ELASTICITY of demand refers to the percentage change in quantity demanded due to the…

Q: 1) When income increases from $80000 to $81000, the quantity demand of good A increases from 3000 to…

A: "Since you have asked multiple questions, we will solve first question for you.. If you want any…

Q: 6 A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls from…

A: Price, income, and preference all influence the quantity demanded of an item or service. Whenever…

Q: 17. The demand for good X is estimated to be Q, = 10, 000 – 4Px + 5Py + 2M+Ax where Px is the price…

A:

Q: Question 5: (a) Define the Income elasticity of demand? Click or tap here to enter text. (b) What is…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…