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

Author Question: As the price of dvds increases from 3 to 5, the quantity demanded falls from 220,000 to 180,000 . ... (Read 159 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jul 1, 2018
As the price of dvds increases from 3 to 5, the quantity demanded falls from 220,000 to 180,000 . The price elasticity of demand for dvds is:
 a. -0.40
  b. -0.33
  c. -3.00
  d. -2.50

Question 2

If the stores could co-operate with each other, it would be efficient
 a. For megastore to advertise and for superstore to advertise
 b. For megastore to advertise and for superstore not to advertise
 c. For megastore not to advertise and for superstore to advertise
 d. For megastore not to advertise and for superstore not to advertise


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


jenna1

  • Member
  • Posts: 568
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Excellent

« previous next »
 

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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

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?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
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 ...
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: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library