Given the demand table below, use the simple arc and the midpoint formula in plving for Ep as one moves from pt. A to B and pt. B to A. Compare your answers writh the midpoint formula. QD pt. A P4 pt. B P3 8. Suppose that the demand curve for ball pens has the following two points: Qd P10 50 P15 40 a) What is the price elasticity coefficient of ball pens? Is the demand elastic or inelastic? (use averaging method) Price elasticity of demand = (Qd2 - Qd1)/average %3D Qd (P2 - P1)/average P b) What will happen, in percentage terms, to the number of ball demanded if the price decreases by 15%? pens Price elasticity of demand = %o change in Qd/% change in P

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: Identify some essential elements common to any rational decision-making process?

A: Rational decision making is a complex process that contains nine essential elements. These are as…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: The answers you provided are incorrect and incomplete.

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: what is the meaning of a research instrument

A: The word "research instrument" refers to any device you may employ to gather, measure, and analyse…

Q: Please solve Part G and Part H. Thank you so much!

A: There are two firms in duopolistic market with product differentiation .Demand function for firm i :…

Q: 1. I, Jelaika Jade Locsin Montesa, a fresh graduate of the University of Santo Tomas wish to inform…

A: This sentence is not effective because it is too long and flowery. It also does not specifically…

Q: Productive forces are Energy, equipment, and technology. The economic laws regulating the process…

A: Production factors:- Production forces are the resources used throughout the manufacturing process…

Q: I need to understand how to come up with the answers for the table. This explanation does not help…

A: Equation of a budget line is given by: Income = Px*X + Py*Y Where Px is the price of Good X and X is…

Q: are needs that we learn during our lifetime. Multiple Choice Ethics Ideals Desires Wants Values

A: Individuals tend to have certain needs and want in order to live a life they tend to desire or wish…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: Electronic transactions and banking refer to the use of digital platforms to conduct financial…

Q: Please give typed solution, don't use handwriting or notebook for solution. Todd is driving his SUV…

A: If you own a car and are concerned aboutt the medical bills in case of an accident and you have a…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: Please provide the answer of my question with explanation

A: Regression is a statistical technique used in the fields of finance, investing, and other subjects…

Q: Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value…

A: The consumer surplus is when a consumer is willing to pay less than its product price. It is based…

Q: can i have an explanation for each answer

A: Total Cost: Total Cost is computed through the formula that is, Total Cost = Fixed Cost + Variable…

Q: Describe how specific types of task-oriented behaviors and relationship-oriented behaviors can be…

A: Consider taking on more leadership roles as your career progresses. Regardless of your position, you…

Q: Why do we use mind mapping

A: Mind mapping is the diagrammatic representation of information, task or concepts.

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: The global market and banking connection refers to the interdependence between international…

Q: Could you please give me full detailed answer?

A: A pizza company runs its business in a franchisee mode and has decided to conduct a $1 promotion for…

Q: How the study of history of economics help people in their daily life

A: Economics is related to many aspects of the world. Various countries in the world are carrying out…

Q: disciplines

A: In many of the countries, education is considered to be more than a means for enabling of progress…

Q: What is the solution to question 6? I really need help with that one.

A: The amount of gas the buyers would be willing to purchase would drop if it turned out that 50% of…

Q: A list of references or citations in an article is a good place to look for additional sources. True…

A: References or citations are used to give credit or refer to the source from which information is…

Q: Not all of the questions were answered I was wondering if the rest could be answered for me.

A: International trade is defined as all the economic transactions in between the Teo countries is…

Q: Could you solve question D as well

A: The term "LM" stands for the Liquidity-Money Supply framework, an economic model that depicts the…

Q: Rational decision-making will likely generate a better "economic" outcome vs. emotional…

A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

Q: Can personal ethics be construed as the same as professional ethics?

A: Combined economics with ethics, economic ethics is a value judgment-based approach to economic…

Q: Describe the top ten communication skills that business leaders search for? Explain.

A: Communication skills are crucial for business leaders, as they are responsible for conveying ideas,…

Q: a paragraph in the initial response in their own words, using microeconomic terminology.

A: Microeconomics is a branch of economics that studies the behaviour of individual economic units such…

Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?

A: The supply curve will shift to the left whenever there is an increase in the cost of production.

Q: Explain the process of communication

A: Communication is process of transferring informations from one person to another. The person who…

Q: Something that is perceived as a luxury rather than a need is something that brings pleasure.…

A: Luxury things are something contrary to need(necessity) products or need costs, which are the…

Q: how macrosystematics work

A: Macro systematics is a hedge or mutual fund strategy on the basis of their holdings in a portfolio…