Find the demand when p=55. Estimate the decrease in demand if p rises to 56 and the increase in demand if p is decreased to 54. The demand D(55)= The decrease in demand =? barrels. The increase in demand =? barrels.

Hello please answer by the letter answer only thank you! Shouldn’t take more than 5 minutes;) i will rate well thanks!! Regarding the price elasticity of the offer: A) It is higher for manufactured goods than for antiques. b) The higher it is, the better companies can adapt to market fluctuations. C) The higher it is, the easier it is for new companies to establish themselves in the market In question. d) It tends to be higher when the period under study is long. If prices and amount of balance decrease, it is because of: A) a decrease in supply and maintenance of demand. b) a decrease in demand and an increase in supply. C) an increase in demand and a decrease in supply. d) a decrease in demand and the maintenance of supply Which of the following statements is a possible reaction to the rise in the price of lemon? * a) Consumers are encouraged to buy more lemons • b) No reaction, since prices in a market system are decided by planners •C) Consumers are encouraged…

The table below shows the demand for a particular brand of fax machine in a department store in each of the last twelve months. 12 Month Demand 12 15 19 5 6 7 23 27 30 32 33 37 3 4 8 9 10 11 12 41 49 58 a) Calculate the four month. What would be your forecast for the demand in month 13?

True or False: Inelastic demand means that a change in price will result in a proportionally smaller change in quantity demanded..

PRICE (Delars per tor 18 24 M 4 12 24 QUANTITY (Thousands of tons) Supply Demand O Total Revenue (Thousands of Dollars) Demand Supply Several growers are happy with this advancement in technology because now they can sell more crops, which they believe will lead to increases in revenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market. Using the midpoint method, the price elasticity of demand for pistachios between the price levels of $15 and 59 per ton is 0.33, meaning that between these two points, demand is inelastic. Thus, you can conclude that the grower's claim is incorrect because total revenue will increase due to the technological improvement. Confirm your previous conclusion by calculating total revenue in the pistachio market before and after the technological improvement. Enter these values in the following table. Before Technological Improvement After Technological Improvement

Numbers 5 adn 6 need to be answered. The function (8.6) needed in 5b has been included in a separate picture. Please show all work. Thank you.

If we have a cross-price elasticity of demand of CeD +7.5, which combination of products would best fit with this  value?     (a) Cabbages and cauliflowers (b) iPhone and iPhone charger (c) Washing powder (for clothes) and washing up liquid (for crockery/cutlery) (d) A chicken microwave meal and a vegetarian microwave meal

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-0.03 The short-term demand for crude oil in Country A in 2008 can be approximated by q = f(p) = 2,000,569p where p represents the price of crude oil in dollars per barrel a represents the per capita consumption of crude oil. Calculate and interpret the elasticity of demand when the price is $76 per barrel. The elasticity of demand for oil is. (Type an integer or a decimal.) What is the elasticity of demand for oil when the the price is $76 per barrel? 1 (Type an integer or a decimal.) Interpret the elasticity of demand. Choose the correct answer below. O A. The demand is elastic, so as price increases, revenue decreases. O B. The demand is elastic, so as price increases, revenue increases. OC. The demand is inelastic, so as price increases, revenue increases. OD. The demand is inelastic, so as price increases, revenue decreases.

Consider the product of gasoline. Its PES is estimated at 1.6. Which of the following would be true? a) Gasoline’s supply is inelastic b) Its supply curve is a steep, upward sloping line c)Its supply curve is a vertical line d) Its supply curve is a flat, upward sloping line e) None of the above   2. Think about the market for gasoline again. Due to the rise of electrical and hybrid cars, there is a decrease in tastes and preferences for gasoline. What is the effect on this market? a) Price falls and quantity increases b) There is a greater decrease in quantity than in the price c)There is a greater increase in quantity than in the price d) The demand curve will become more steep e) None of the above   3. Please complete the following sentence. The more inelastic the supply curve... a) the more consumer surplus created by implementing a tax on a product b) the greater the tax burden on the buyers c)the greater the tax burden on the sellers d) the more a shift in the demand curve causes…