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Author Question: Luis wonders why commercials appear more frequently at the end of a TV movie than at the beginning. ... (Read 39 times)

krzymel

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on: Jul 1, 2018
Luis wonders why commercials appear more frequently at the end of a TV movie than at the beginning. Carol says that this pattern can be explained by the
 a. share of the viewer's budget spent on TV watching
  b. length of the adjustment period
  c. cost of supplying additional minutes of the movie
  d. high elasticity of demand for watching the end of a TV movie
  e. availability of substitutes

Question 2

To ensure that we get the same result for price elasticity no matter which direction we move on the demand curve, we must take the average of the
 a. initial price and the initial quantity demanded and the average of the new price and the new quantity demanded
  b. new price and the initial quantity demanded and the average of the new quantity demanded and the initial price
  c. initial price and the new price and the average of the initial quantity demanded and the new quantity demanded
  d. initial price and the new price only
  e. new quantity demanded and the initial quantity demanded only


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djpooyouma

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


krzymel

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  • Posts: 548
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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