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Author Question: Demand Schedule for Ski TicketsPrice($)Quantity Demanded(no. of tickets)120 0110100100200 90300 ... (Read 43 times)

heyheyhey

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on: Oct 12, 2022

Question 1

Suppose the quantity demanded of paperback novels rises from 80 000 to 120 000 units per month when the price falls from $11 to $9 per unit. The price elasticity of demand for this product is
◦ 3/2.
◦ 2.
◦ 2/3.
◦ 1.
◦ 1/3.

Question 2

Demand Schedule for Ski Tickets

Price
($)		Quantity Demanded
(no. of tickets)
120    0
110 100
100 200
  90 300
  80 400
  70 500
  60 600
  50 700
  40 800
  30 900
  201000
  101100
   01200

TABLE 4-2

Refer to Table 4-2. Using the data provided to plot the demand curve for ski tickets results in a ________ demand curve. Price elasticity along this demand curve is therefore ________ as price is falling.
◦ downward sloping and linear; continuously decreasing
◦ rectangular hyperbola; constant at a value of 1
◦ downward sloping and linear; continuously increasing
◦ horizontal; constant at a value of 8
◦ vertical; constant at a value of 0
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by heyheyhey on Oct 12, 2022

lhn821

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Reply #1 on: Oct 12, 2022
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.
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heyheyhey

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

rleezy04

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

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