Posted by **Rosa** on Tuesday, January 19, 2010 at 12:41am.

Wheat farmers in Kansas would benefit from a devastating crop failure in N.Dakota if the U.S.demand for wheat?

is...

a. inelastic

b. elastic

c. unit elastic

d. downward sloping

e. perfectly elastic

- economics -
**mohamd**, Thursday, March 24, 2011 at 3:18pm
The price elasticity of demand for cigarettes is estimated to be (-.4) and the income elasticity is about (+5).

a- Suppose the government impose a tax on cigarettes so the price rises by 10%. Estimate the effect this price increase will have on cigarettes consumption and consumer spending on cigarettes. (both in percentage terms)

- economics -
**mohamd**, Friday, March 25, 2011 at 4:43pm
Suppose hospital (A) has 500patients/day and average cost of operation is $1500/day. Hospital (B) has 300 patients/day and average cost of $600/day. Hospital (C) has 100 patients/day and average cost of $600/day. What can you say about the most efficient size of hospital? Explain the reasons for this choice of hospital size. Illustrate your answer with a graph.

## Answer This Question

## Related Questions

- Ecconomics - Price elasticity of demand.Tell whether is elastic,perfectly ...
- Calculus (demand) - 18) The demand equation is x + 1/6p - 10+0. Compute the ...
- calculus - 18) The demand equation is x + 1/6p - 10+0. Compute the elasticity of...
- Economics - Supply is Demand is Scenario A elastic elastic Scenario B elastic ...
- ECONOMICS - 1)The tire shop sells 50 tires a day at $75. After they raise the ...
- ECONOMICS - 1)The tire shop sells 50 tires a day at $75. After they raise the ...
- home economics - Suppose that 200 gallons of gasoline are demanded at a ...
- Economics are these correct - Are these correct? Thanks, Answer is next to ...
- macroeconomics - the price of hot dogs changes by 22% and the quantity of hot ...
- Economics - The question is, what is the for Math formula to show rather the ...

More Related Questions