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 13 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
Excellent

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Fossil fuel emissions and climate change Fossil fuel emissions and climate change
Observed change in surface temperature from 1901 to 2012 Observed change in surface temperature from 1901 to 2012
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library