Exercise 1: Suppose there is a market demand function for good X as: = -2PX + 10Questions:Draw the market demand curve for good XEvaluate the demand elasticity for the price at various points of this demand curve having prices of P = 5; P = 4; P = 2,5; P = 1 và P = 0.Give some comments on relationship between the X'sprice and one's demand elasticity for the price demand elasticity for the price.2) Suppose there are market supply and demand functions of good X as: S + + + + The market supply function of X: Q = 4P - 2+ The market demand function of X: Q = -2P + 10Question:a. Define the equilibrium price and quantity of the marketb. Evaluate the market supply and demand elasticity at the equilibrium point

Iwill give all da points. imagine you are working for the u.s. branch of a chinese trading company. this trading company mainly trades chinese traditional art crafts and related items (such as chinese paintings and chinese music instruments). this week, your company had a promotion event, and a lot of goods were sold. now that the event is over, your manager asks you to write him a report in chinese. in this report, you are required to include: description of the chinese traditional art items being sold, their attributes such as colors and amount sold; price for each type of goods, and the total profit, in both chinese and u.s. currencies; your manager needs you to give an overall evaluation about what the most and least popular items are, and how people reacted to this promotion event – whether they liked this event or not. write as much as you can in chinese characters. it can be super simple btw

Cuvinte care au sens comun cu cuvantul zapada

O-day ou-yay now-kay ig-pay atin-lay?