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Author Question: Suppose the price of gasoline is 3.50 per gallon, the quantity of gasoline demanded is 150 billion ... (Read 117 times)

ghost!

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on: Jun 29, 2018
Suppose the price of gasoline is 3.50 per gallon, the quantity of gasoline demanded is 150 billion gallons per year,
 
  the price elasticity of demand for gasoline is -0.06, and the federal government decides to increase the excise tax on gasoline by 1.00 per gallon, which increases the price of gasoline by 0.75 per gallon. What is the new equilibrium quantity of gasoline demanded after the tax is imposed?
  A) 109.72 billion gallons per year B) 127.25 billion gallons per year
  C) 148.27 billion gallons per year D) 161.61 billion gallons per year

Question 2

If a corporate bond with face value of 1,000 has an interest rate of eight percent paid once a year for a term of 30 years, what is the size of the annual coupon payment?
 
  A) 1,000 B) 300 C) 80 D) 8
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bblaney

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ghost!

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kthug

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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