Microeconomics

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Puma's share of the athletic shoe market is 30 The own price elasticity of demand for Puma athletic ... Started by karateprodigy	1 Replies 65 Views	Jul 1, 2018 by coreycathey
Amber's Ambrosia's share of the delicacy market is 10 If the own price elasticity of the aggregate ... Started by Zoey63294	1 Replies 66 Views	Jul 1, 2018 by CharlieArnold
The own price elasticity of Anne's apple pies is 5 . If the aggregate market for apple pies has an ... Started by KimWrice	3 Replies 173 Views	Jul 1, 2018 by quynhmickitran
Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10 in ... Started by stephzh	1 Replies 99 Views	Jul 1, 2018 by tmlewis4706
A price elasticity of demand of 2.3 implies a. Demand is inelastic b. Demand is elastic c. Demand ... Started by littleanan	1 Replies 84 Views	Jul 1, 2018 by jasonq
The quantity demanded of good X falls by 20 and, in response, your income goes down by 10 and, the ... Started by a0266361136	1 Replies 277 Views	Jul 1, 2018 by jamesnevil303
As the price of dvds increases from 3 to 5, the quantity demanded falls from 220,000 to 180,000 . ... Started by jenna1	1 Replies 72 Views	Jul 1, 2018 by nixon_s
For complements, cross price elasticity of demand is: a. Negative b. Positive c. between zero and ... Started by EAugust	1 Replies 60 Views	Jul 1, 2018 by alexisweber49
A price elasticity of demand of -0.67 implies a. Demand is inelastic b. Demand is elastic c. Demand ... Started by berenicecastro	1 Replies 74 Views	Jul 1, 2018 by Pswine
If the quantity demanded of good x rises by 3 and, in response, your income goes up by 2, the income ... Started by kaid0807	1 Replies 55 Views	Jul 1, 2018 by gcook
As the number of substitutes for a good increases, the absolute value of its own-price elasticity ... Started by soccerdreamer_17	3 Replies 72 Views	Jul 1, 2018 by cegalasso
The demand for Nike shoes is _________________ than the demand for shoes in general. a. More ... Started by futuristic	1 Replies 29 Views	Jul 1, 2018 by blakcmamba
The demand for insulin is typically_________________ than the demand for a large screen TV. a. More ... Started by futuristic	1 Replies 21 Views	Jul 1, 2018 by EAN94
As the price of video games is raised from 20to 25, their quantity demanded fell from 1.5 million ... Started by rl	1 Replies 37 Views	Jul 1, 2018 by olivia_paige29
What is a normal good? a. A good whose demand increases when income decreases b. A good whose ... Started by rlane42	1 Replies 77 Views	Jul 1, 2018 by Madisongo23
Jim recently graduated from college. His income increased dramatically;from5000 a year to 60,000 a ... Started by arivle123	1 Replies 52 Views	Jul 1, 2018 by akemokai
A product can be classified as an inferior good if an increase in the income causes a. A decrease ... Started by stock	1 Replies 27 Views	Jul 1, 2018 by ciecieme
If mortgages and houses are complements in consumption and interest rates decrease, we would expect ... Started by fagboi	1 Replies 69 Views	Jul 1, 2018 by Mholman93
If Dell and Toshiba computers are substitutes and the price of dell computers increases we would ... Started by BrownTown3	3 Replies 108 Views	Jul 1, 2018 by ghepp
If a decrease in the price of a good decreases the total revenue, the demand for the good is a. ... Started by nummyann	1 Replies 73 Views	Jul 1, 2018 by nickk12214
Which of the three product has a unitary elastic demand curve? a. Cigarettes b. Alcohol c. Sodas d. ... Started by audie	1 Replies 27 Views	Jul 1, 2018 by popopong
If the government wants to decrease the quantity consumed of soda by 30, what percentage of tax ... Started by Deast7027	1 Replies 22 Views	Jul 1, 2018 by CourtneyCNorton
The owner of a bakery decides to drop the price of lemon cakes by 5, how much does quantity sold ... Started by abern	1 Replies 56 Views	Jul 1, 2018 by prumorgan
The income elasticity of demand for housing property is exactly 1.40 . Due to a recession, you ... Started by anshika	1 Replies 22 Views	Jul 1, 2018 by TDubDCFL
Coffee Mug Pricing Manny's Merchandising can custom print logos onto coffee mugs. It sells it most ... Started by Alygatorr01285	1 Replies 103 Views	Jul 1, 2018 by frre432