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

Author Question: Tara buys four music cassettes when the price is 10 and two cassettes when the price is 14 . Her ... (Read 101 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Tara buys four music cassettes when the price is 10 and two cassettes when the price is 14 . Her price elasticity of demand is:
 a. 0.
  b. 1.
  c. 2.
  d. 3.
  e. 4.

Question 2

Leo's Bakery reduces the price of wheat bread from 3 to 1 and finds that quantity demanded increases from 100 to 122 loaves. Leo calculates that his price elasticity of demand for wheat bread is:
 a. 0.
  b. 0.2.
  c. 1.0.
  d. 1.5.
  e. 2.0


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Listening to loud music with headphones or at rock concerts is a frequent cause of hearing loss amon Listening to loud music with headphones or at rock concerts is a frequent cause of hearing loss amon
Sad music Sad music
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
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.
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library