Business, 26.11.2019 18:31 eburnhisel2023
When the price of pistachio nuts is $7.50 per ib. the quantity demanded is 48 lbs. when the price of pistachio nuts is $9.00 per lb. the quantity demanded is 40 lbs. when the midpoint formula is used to measure the price elasticity of demand we can say that the demand for pistachio nuts is a) relatively, but not perfectly, elastic. b) relatively, but not perfectly, inelastic. c) completely inelastic. d) unit elastic.
Answers: 1
Business, 21.06.2019 19:50
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
Business, 22.06.2019 00:20
Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.
Answers: 1
Business, 22.06.2019 01:00
The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year
Answers: 2
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
When the price of pistachio nuts is $7.50 per ib. the quantity demanded is 48 lbs. when the price of...
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