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

Author Question: The government wants to reduce the consumption of electricity by 5%. The price elasticity of demand ... (Read 63 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: May 25, 2020

Question 1

The ABC Computer Company wants to increase the quantity of computers it sells by 5%. If the price elasticity of demand is -2.5 the company must
◦ increase price by 2.0%.
◦ decrease price by 2.0%.
◦ decrease price by .5%.
◦ increase price by .5%.

Question 2

The government wants to reduce the consumption of electricity by 5%. The price elasticity of demand for electricity is -.4. The government should
◦ raise the price of electricity by 12.5%.
◦ raise the price of electricity by 2%.
◦ raise the price of electricity by .08%.
◦ lower the price of electricity by .4%.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nmorano1 on May 25, 2020

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: May 25, 2020
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 29% of students answer this correctly


nmorano1

  • Member
  • Posts: 598
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
This exhaust manifold has a heat shield to help retain the heat and help reduce exhaust emissions. This exhaust manifold has a heat shield to help retain the heat and help reduce exhaust emissions.
U.S. Energy Consumption U.S. Energy Consumption
Global consumption of fossil fuel Global consumption of fossil fuel
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library