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

Author Question: Mathematical Calculation of Price Elasticity of DemandIf the percent change in quantity demanded is ... (Read 65 times)

swande

  • Full Member
  • ***
  • Posts: 152
on: Nov 23, 2022

Question 1

The graph shows the effect of imposing a tariff on the market for oil.


If P1 = $95, Ptariff = $121, Q1 = 41, Q2 = 42, Q3 = 46, and Q4 = 48, how much does the government earn from the tariff? Round your final answer to two decimal places.
◦ $484.00
◦ $847.00
◦ $182.00
◦ $104.00

Question 2

Mathematical Calculation of Price Elasticity of Demand

If the percent change in quantity demanded is 73% and the price elasticity of demand is 0.6 what is the percent change in price?  Round your final answer to two decimal places.
◦ 121.67%
◦ 43.8%
◦ 0.01%
◦ 73.00%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by swande on Nov 23, 2022

StephaniaF

  • Full Member
  • ***
  • Posts: 170
    • coupons helped me
Reply #1 on: Nov 23, 2022
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.
Answer Preview
Only 64% of students answer this correctly

Area ample of the meat in just one of the quart freezer bags then fit them into your fridge. http://www.roulette48.com/

swande

  • Member
  • Posts: 152
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ... Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ...
Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
Simple Mathematical Rules Useful in Working Genetics Problems Simple Mathematical Rules Useful in Working Genetics Problems
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library