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

Author Question: The government wants to reduce the consumption of electricity by 5%. The price elasticity of demand ... (Read 51 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: May 25, 2020

Question 1

The ABC Computer Company wants to increase the quantity of computers it sells by 5%. If the price elasticity of demand is -2.5 the company must
◦ increase price by 2.0%.
◦ decrease price by 2.0%.
◦ decrease price by .5%.
◦ increase price by .5%.

Question 2

The government wants to reduce the consumption of electricity by 5%. The price elasticity of demand for electricity is -.4. The government should
◦ raise the price of electricity by 12.5%.
◦ raise the price of electricity by 2%.
◦ raise the price of electricity by .08%.
◦ lower the price of electricity by .4%.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nmorano1 on May 25, 2020

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: May 25, 2020
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 29% of students answer this correctly


nmorano1

  • Member
  • Posts: 598
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Reduce Risk of Unintentional Injury Reduce Risk of Unintentional Injury
Interventions to Reduce Disruptive Behaviors Interventions to Reduce Disruptive Behaviors
Urea (diesel exhaust fluid) injection is used to reduce NOx exhaust emissions. It is injected after ... Urea (diesel exhaust fluid) injection is used to reduce NOx exhaust emissions. It is injected after ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library