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What is the price determination for the shipment of goods in Australia for Kroger Grocery Delivery? Explain.
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- Is there an economic case of banning short selling in the United States?price that will result in 15 percent rise in its demand.The table below shows the percentage change in quantity demanded of sending regular mail, of sending parcels, and of home broadband service in Australia from a one-percent increase in each specified price (holding all other prices constant): Change in price of: Sending regular mail Effect on quantity of: Sending regular Sending parcels Home broadband mail -1.5 Sending parcels 0 Home broadband +0.05 0 -1 -0.7 +0.01 -0.11 -0.5 a) For which services is quantity demanded price elastic? Or price inelastic? b) Which services are substitutes and which are complements? c) How would an increase in the price of sending regular mail affect total revenue to Australia Post from that service? How would an increase in the price of home broadband affect total revenue to suppliers of broadband?
- Question 4 Of 20 The graph shows the marginal cost (MC), average total cost (ATC), and marginal revenue (MR) curves for a perfectly (or purely) competitive firm. Note that the demand (D) curve is the same as the MR curve for such a firm. Assume that the ATC cost curves are representative of other firms in the industry. Given the current price, this firm will D = MR MC earn zero economic profit. earn a negative economic profit. earn a positive economic profit. Quantity In the long run, this market will experience exit by some firms. experience entry of additional firms. MR/MC ($)In bazaars around the world, haggling over price is a way of life. Do you think a seller’s reservation price (the lowest price that will be accepted) is influenced by demand elasticities?cross-price elasticities ?
- Give typing answer with explanation and conclusion Which products are most likely to be most price elastic? Multiple Choice Sugar and eggs Clothing and auto repair China and glassware Electricity and housingPlease no written by hand and no emageThe price elasticity of supply of baking flour is 0.8 when there is an increase of price from RM16 to RM18 per kilogram. How many percent change of suppliers that supply baking flour in the market with the new price?
- Suppose the demand curve for oPad is P = 500-QD 10 where P is the price of oPad and QD is the quantity of oPad. What is the price elasticity of demand when the price is $30? (Please keep 1 decimal place in your answer)Suppose you are a business owner. Discuss how you would use various demand elasticities (own-price, cross-price & income) in your decision making process.According to the CEO of Turing Pharmaceuticals, what would he have done to the price of Daraprim if he could do things all over again? 1. increase the price even more 2. lower the price so that more people could afford it 3. wait to see what the competitor did 4. ask the government for a tax exemption
