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 12 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

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

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?

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.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
Global Climate Change Global Climate Change
Climate Change: Volcanoes Timescale Climate Change: Volcanoes Timescale
By 2100, significant change will be in the far northern latitudes, parts of Asia, and Sub-Saharan By 2100, significant change will be in the far northern latitudes, parts of Asia, and Sub-Saharan
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library