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 70 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

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Drag the labels to indicate the change in the size of the reservoir. . . Drag the labels to indicate the change in the size of the reservoir. . .
Climate Change Climate Change
Global Climate Change Global Climate Change
Normal change in sea level Normal change in sea level
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Consistency and Change in Personality Over the Lifespan Consistency and Change in Personality Over the Lifespan
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library