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

Author Question: A shift of the supply curve of DVDs raises the price of a DVD from 9.50 to 10.50 a DVD and reduces ... (Read 10 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
A shift of the supply curve of DVDs raises the price of a DVD from 9.50 to 10.50 a DVD and reduces the quantity demanded from 41 million to 39 million DVDs a month. The price elasticity of demand for DVDs is
 
  A) 2 million DVDs a month per dollar.
  B) 1 per 2 million barrels a day.
  C) 0.5.
  D) 2.0.

Question 2

A decrease in disposable income shifts the ________.
 
  A) demand for loanable funds curve rightward
  B) demand for loanable funds curve leftward
  C) supply of loanable funds curve leftward
  D) supply of loanable funds curve rightward


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 29, 2018
Excellent

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
How to plot a sine function with a negative amplitude and phase shift (Question 3 of 3) How to plot a sine function with a negative amplitude and phase shift (Question 3 of 3)
How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Blood Supply to the Lungs Blood Supply to the Lungs
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library