You are considering subscribing to ESPN+. You are willing to pay up to $66 per year for a subscription. The current annual price is $9. Calculate your consumer surplus under these circumstances.
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- You are considering subscribing to Hulu. You are willing to pay up to $39 per year for a subscription. The current annual price is $109. Calculate your consumer surplus under these circumstances.QUESTION 2 You are considering subscribing to Hulu. You are willing to pay up to $12 per year for a subscription. The current annual price is $60. Calculate your consumer surplus under these circumstances.Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, the taste for bicycling has shifted. The demand curve is much more inelastic. The price elasticity of demand has decreased from: -5.76 to -2.70 Before the campaign, your price was $240 per pair of BBB Shorts. What should be the new price?
- Please provide full workout & solutions, Im unable to do this question.Your Best Brand Bike Shorts - BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be? Please enter the new price here: $ [a] Show only your answer in the box. Do not include steps in the box and do not add the dollar sign.Your Best Brand Bike Shorts - BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be? Please enter the new price here: $ [a] Show only your answer in the box. Do not include steps in the calculation and do not include the dollar sign.
- Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be? Please enter the new price here: $Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be?Comment on the Elasticity of demand for a good having high number of substitutes
- Please provide full workout & correct solutions, Im unable to do this question.Show full answers and steps to this exerciseYour income rises from $2,000 a year to $5,000 and your purchases of beer change from 20 to 10. What number below most closely approximates your income elasticity over this range? Multiple Choice O -0.33 -0.67 0.67 3
