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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 35 times)

Bob-Dole

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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


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frogdreck123456

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Bob-Dole

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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