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 29 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
Wow, this really help

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Blood supply to the pituitary gland Blood supply to the pituitary gland
Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ... Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ...
How to horizontally shift a quadratic function along the x-axis How to horizontally shift a quadratic function along the x-axis
Blood Supply to the Lungs Blood Supply to the Lungs
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library