Draw the price effect and the quantity effect for a price change from $60 to $70. Which effect is larger? Does total revenue increase or decrease? No calculation is necessary.

4-5A 2. Draw the price effect and the quantity effect for a price change from $60 to $50. Which effect is larger? Does total revenue increase or decrease? No calculation is necessary. 3. . Draw the price effect and the quantity effect for a price change from $30 to $20. Which effect is larger? Does total revenue increase or decrease? No calculation is necessary.

Using the table below:i. Calculate the cross-price elasticity of broccoli. ii. Are fish and broccoli complementary or substitute goods? Explain. Price of fish Quantity of fish Price of broccoli Quantity of broccoliPeriod 1 $7 8 lbs $4.50 10 lbsPeriod 2 $9 5 lbs $6.25 6 lbs

1. Using the midpoint method, compute the price elasticity between points X and Y.   2. Use the midpoint method and compute the price elasticity between points X and Y. select from: Demand between  X and Y is elastic. Demand between X and Y is inelastic. Demand between X and Y is unit elastic.   3. Using the midpoint method, compute the price elasticity between points Y and Z.   4. Use the midpoint method and compute the price elasticity between points Y and Z.

2. Suppose you have an elasticity of - 2 and the CMg of $ 15.45 per unit. Determine the pricing. CMg (marginal cost)

2. Thrift store clothing is considered an inferior good. The demand for thrift store clothing decreases as the consumer's income decreases decreases as the price of a substitute increases increases as the consumer's income decreases increases as the consumer's income increases

4-5  Draw the price effect and the quantity effect for a price change from $60 to $70. Which effect is larger? Does total revenue increase or decrease? No calculation is necessary.

11. If the price elasticity of demand for a good is 2.0, then a 10 percent increase in price results in a   •A. 0.2 percent decrease in the quantity demanded.   •B. 5 percent decrease in the quantity demanded.   •C. 20 percent decrease in the quantity demanded.   •D. 40 percent decrease in the quantity demanded.   2. Using the midpoint method, if the price falls from $200 to $150, the absolute value of the price elasticity of demand is about   • A 6.0 • B 2.8 • C 0.3 • D 0.47   please please sir answer both question i have no more remain question  i know sir policy

What is the cross price elasticity?

2. Imagine that you run a small bakery. In March the price of a cupcake was $2, and you sold 50 per day. In April you increased the price of cupcakes to $3 and you sold 40 per day. 1. Did your revenue increase or decrease? 2. What was the price elasticity of demand to Cupcakes when price increased from $2 to $3. 3. Do you think demand was elastic or inelastic prior to the change in prices