This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the price of oranges increases from 4 to 6 per bag, the quantity demanded of oranges decreases ... (Read 81 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
When the price of oranges increases from 4 to 6 per bag, the quantity demanded of oranges decreases from 800 bags to 700 bags. The price elasticity of demand over this price range is equal to
 
  A) 3.
  B) 3/7 or 0.4286.
  C) 1/3 or 0.3333.
  D) 1/4 or 0.25.

Question 2

With an increase in the capital stock, the short-run aggregate supply curve
 
  A) remains as it is.
  B) shifts rightward.
  C) shifts leftward.
  D) becomes steeper.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Marty

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Gracias!

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Fractures Animation

For a complete list of videos, visit our video library