Figure 6-33 The diagram shows the effect of a tax as measured by the distance between) and K. Nice 100- Refer to Figure -33. Bund upon the diagram the incidence of the tax falls micee heavily on buyers. the incidence of the tax falls more heavily on sellers the incidence of the tax is shared equally by both buyers and sellers the incidence of the tax cannot be determined based upon the information in the diagram

TOPIC: Supply and demandIn the market for widgets, the supply and demand curve are “normal” 45° lines. The equilibrium price is £5 and the equilibrium quantity is 10 widgets. Show in a new graph how your answers would change if the supply curve was infinitely inelastic.

al E G answer 201-R C Use the Chris B Chris B Checko Ticket New T M You Ge ah Search Question 13 0/48 answered Please review the graph below containing a demand curve for hammocks. Between point B and C, using the midpoint formula, the elasticity coefficient is: $140 $120 $100 $80 $60 $40 $20 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a 0.25 b 4.0 10 C 0.40 d 0.10 Question 14 Time Rema Demand 50 100 150 200 250 300 350 Quantity of Hammocks Demanded 口 ធ

Use the data in the table below to answer the following question. Quantity Price Demanded $20 12 18 17 16 20 14 24 30 10 36 40 44 4 48 Over which price range is the demand inelastic? Multple Choice $20 $18 260

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AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcl の、田、 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Paragraph 3- Use the figure below to answer the following questions. Styles 70 60 Supply 50 40 30 20 10 Demand 1000 2000 3000 4000 5000 6000 7000 8000 Quantity (number of hours of gardening service per month) Figure 1 a- Consider the demand curve in Figure 1. What is the consumer surplus (CS) when the price is $30 per hour? (Mention the area using the numbers and calculate CS) b- Consider the demand curve in Figure 1. What is the producer surplus (PS) when the price is $30 per hour? (Mention the area using the numbers and calculate PS) c- Consider the demand curve in Figure 1. If the price rises from $30 to $50 per hour, What will happen to economic surplus? (Mention the area using the numbers) d- Consider the demand curve in Figure 1. If the price falls from $30 to $15 per hour, What will happen to economic surplus? (Mention the area using the numbers) Price ($s per hour)

When people living in America spend $10,000 to buy imported goods at the shopping mall, how does this affect U.S. GDP? O GDP decreases because we are buying foreign goods and not American goods. O GDP is not affected because the goods are not produced in America. O GDP increases by $10,000 because the consumers live in America. O GDP increases by an amount equal to the value added by the stores in the shopping mall. W ASUS 8 R

Question 4 If the semi-elasticity between x and y is -2, what does it mean? A. When x decreases by 2%, y increases by 5% B. When x decreases by 1 unit, y increases by 2% C. When x decreases by 1%, y increases by 2 units OD. When x increases by 1%, y decreases by 2 units E. When x increases by 2%, y decreases by 4% OF. None of the options given are correct

please help! i cant tell a difference between z and y, and x and w.

Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10% discount on every book it sells. Nile.com knows that its customers can be divided into two distinct groups according to their likely responses to the discount. The accompanying table shows how the two groups respond to the discount. Group A Group B(sales per week) (sales per week) Volume of sales beforethe 10% discount 1.55 million 1.50 million Volume of sales afterthe 10% discount 1.65 million 1.70 million A. Using the midpoint method, calculate the price elasticities of demand for group A and group B. B. Explain how the discount will affect total revenue from each group. C. Suppose Nile.com knows which group each customer belongs to when he or she logs on and can choose whether or not to offer the 10% discount. If Nile.com wants to increase its total revenue, should discounts be offered to group A or to group B, to neither group, or to both groups?