Macroeconomic
 👍 0
 👎 0
 👁 94
Respond to this Question
Similar Questions

Math
In economics, the demand for a product is the amount of that product that consumers are willing to buy at a given price. The quantity demanded of a product usually decreases if the price of that product increases. Suppose that a
asked by George Carl on February 26, 2018 
college/microeconomics
Just needing to know if I have done the work correctly with this problem: For the total revenue and marginal revenue the answers are: Price $20 Quantity 0 TR 0 MR 0 Price $18 Quantity 1 TR 18 MR 18 Price $16 Quantity 2 TR 32 MR 14
asked by Lorie on December 6, 2009 
Microeconomics:
Just needing to know if I have done the work correctly with this problem: For the total revenue and marginal revenue the answers are: Price $20 Quantity 0 TR 0 MR 0 Price $18 Quantity 1 TR 18 MR 18 Price $16 Quantity 2 TR 32 MR 14
asked by Lorie on December 6, 2009 
Math
At a unit price of $55, the quantity demanded of a certain commodity is 1000 units. At a unit price of $85, the demand drops to 600. What quantity would be demanded if the commodity was free? (I worked out the problem and came up
asked by Jj on August 31, 2019 
Economis
I have got an economics questions, and i did my personal revision by tying to work the question. here is the question: using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum
asked by Pallavi on November 19, 2011 
Economics
Suppose the price elasticity of demand for a novel translated into English is perfectly inelastic. Assume the initial price of the novel is $24 and the quantity demanded is 222 copies per year. If the price of the novel increases
asked by Cole on September 27, 2015 
Calculus
The demand function for the Luminar desk lamp is given by the following function where x is the quantity demanded in thousands and p is the unit price in dollars. p = f(x) = 0.1x2  0.3x + 39 (a) Find f '(x). f '(x) = (b) What is
asked by Mike on June 13, 2013 
Statistics
A classic application of instrumental variables regression is estimating the elasticity of demand for a product. In our case, the product of interest is cigaretts. In economics, the elasticity of demand is the ratio of the
asked by Anonymous on May 14, 2019 
HELP i dont get it
The producer of X is contemplating a price change and has asked for your advice. After some empirical investigation, you conclude that the price elasticity of demand for X is 0.75. Your advice to the producer is to Increase price
asked by john on November 1, 2010 
Economics
As price falls along the elastic portion of a linear demand curve, _______ decrease while _______ increase. Answers. A. only price; quantity demanded , consumer surplus, and consumer expenditures B. consumer surplus and price;
asked by cymber on October 1, 2007 
Economics
We're looking at the market for cat food. When the price is $10, the quantity sold is 1000 bags. When the price drops 10%, the quantity sold increases 30%. Calculate the price elasticity of demand. (Answer in format X.XX, round to
asked by Lindsay on February 25, 2013