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Suppose that the demand and supply schedules for raisins in South Carolina are as fallows, quantitiesare measured in millions of packs per month. What is the quantity of raisins bought if the price is 50cents ? Price (cents per pack) Quantity demanded20                                    18030                                    16040                                    14050                                    12060                                    10070                                     8080                                     60 a) 120b) 180c) 100

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hey im confused. when i enter this into my calculator 50/(1+0.05) + 50/(1+0.05)2 + 1000/(1+0.05)2  i get a 1000.so shouldnt quantity demanded be 2000?

The figure below represents the weekly demand for GPS units. Price (dollars) 220 200- 180- 160 140 120 100- 80 60 40 20 0 Demand for GPS Units 40 80 120 160 200 240 280 320 360 400 440 Quantity (GPS units) < Prev ***Y 3 of 18 +++ www Next Maternit

What is total revenue if price and quantity and $5 and 20 units

6T Demand for Milk in Smalltown IISA Fill in the Blank Question Refer to the graph as shown. If the price of milk is $2 per gallon, then th consumers would be willing to purchase gall of milk per day. (Enter a number in the blank.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A rise in the price of a crate of Pepsi from USD 20 to USD 30 results in a fall in the quantity of crate of Pepsi demanded from 220 million to 180 million a day and at today’s price of a Coca-Cola, USD 15, the quantity of Coca-Cola demanded increases from 80 million to 100 million a day. Kindly Answer ONLY (d) a). Calculate the percentage change in the price of a crate of Pepsi and the percentage change in the quantity demanded of Pepsi. Use the average price and average quantity.b). Calculate the price elasticity of demand for Pepsi.               c). Is the demand for Pepsi elastic or inelastic? Explain please d). Calculate and explain the cross elasticity of demand for Coca-cola with respect to the price of a Pepsi.

½ 1.CQLPrecalc.2 The monthly supply S(p) and demand D(p) for a video game console is given by the graphs. Complete parts a-e below. Quantity, q S(p) = D(p) = (Type expressions using p as the variable.) 5000- 4500- 4000- 3500- 3000- 2500 2000-€ 1500- 1000- 500-S(p) 0+ 0 (p) 200 400 600 800 1000 Selling price per unit, p a) Describe how the increased selling price of an item affects the consumer demand and producer supply. If the selling price of an item is higher than it should be, the consumer demand for the item will decrease and the producer's willingness to supply it will increase. b) Find formulas for the functions q = D(p) and q = S(p).

A D1 Quantity (per day) Suppose the demand curve shifts to the right and the supply curve shifts to the Right by more than the demand curve. The new demand curve will be upward sloping v and the new supply curve will be downward sloping v

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# Are coffee and tea Substitute goods or compliment goods? Why?

Which term is used to describe the want satisfying power of a commodity or a service?[A] Demand[B] Want[C] Utility[D] Consumption Please dont use any ai tool. Thank you

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The diagram to the right illustrates a hypothetical demand curve representing the relationship between price (in dollars per unit) and quantity (in 1,000s of units per unit of time). AAPS you 100- The area of the triangle shown on the diagram is $ an integer.) 90- (Enter your response as 80- 70- 65 60- 50- 40- 30- 20- 15 10- D 25 0- 0. 75 70 10 20 30 40 50 60 80 90 100 Quantity (1,000s of units per unit of time) Price (dollars per unit)

Suppose we know that the price elasticity of demand for organic carrotsis −1.5. If a grocer decreases the price of organic carrots by 12%,what would we expect to happen to the quantity of organic carrotspurchased?(a) Decrease by 18%(b) Decrease by 6%(c) Increase by 6%(d) Increase by 8%(e) Increase by 18%

O 01 A headline reads "Perfect Weather Brings Record-High Coffee Harvest." This situation would lead to a(n) Increase in the price and a decrease in the quantity purchased of coffee. decrease in the price and an increase in quantity purchased of coffee. decrease in the price and in the quantity purchased of coffee increase in the price and in the quantity purchased of coffee

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Which shifter increase or decrease , drawing ,change in price , change in quantity

Price of Quantity Own Good X of Good X Price (Px) (Qx) Elasticity 100 0.00 0 90 -0.11 450 80 -0.25 800 70 -0.43 1050 60 -0.67 1200 Ti 50 с 1250 B -1.50 1200 30 -2.33 1050 20 -4.00 10 -9.00 0 0 ODARENS N 5 15 20 25 30 35 40 45 50 -1.09. -1. O -0.50. -00 -0.25. Total The demand function in the above table is Qxd = 100 - 2Px. Based on this information, compute the own price elasticity of demand when Px = $25 (point C). Revenue D 450 0

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If a 10% decrease in the price of one product thatyou buy causes an 8% increase in quantity demandedof that product, will another 10% decrease in the pricecause another 8% increase (no more and no less) inquantity demanded?

Calculaye cross elasticity of demand exy                       Before Commodity.     Price.             Quantity                            (cent/cup)    (units/month) Lemon (Y)       40.                    50 Yea (X)             20.                   40.                              After    Price.                       Quantity (Cent/units)            (unirs/months) 60.                            30 20.                            50

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