he table below to answer the following question. Table 3 Price of Jolt $1.00/can $1.00/can $1.00/can $1.40/can Price of Coke Income Level Jolt Sales $25,000 $25,000 $35,000 $1.00/can 15,000 cases 25,000 cases $1.40/can $1.40/can 15,000 cases $1.40/can $35,000 5,000 cases Refer to Table 3. What is The Income elasticity of demand for Jolt What type of good is Jolt when it comes to price elasticity of dema

monthly dearmad schedule for a good in a cucocly Semonth. Tires ara no marginal costs. The table below shows the monthly demand schedule for a good in a dinne $4.800 of fixed costs per month. There are no marginal costs. Quantity 400 Price ($) 30 TR ($) MR ($) 12,000 3,000 688 25 15,000 • 1,000 800 20 16,000 -1,000 1,000 15 15,000 -3,000 1,286 10 12,000 -5,000 1,400 5 7,000 -7,000 1,688 0 0 Instructions: Enter your answers to the nearest whole number ce, the monthly profit for each a. If they evenly split the quantity a monopolist would produce, the mantly s If duopolist A decides to increase production by 200 units, the monthly p

8) Price (€ per liter) 15 10 5 A) 0 B) 400 C) 1,000 D) 1,600 Don 1000 2000 3000 4000 5000 6000 Quantity (liters) Refer to the figure above. The total demand curve has the vertical intercept at and the horizontal intercept at Dom , and its slope A) 15.00 euros; 7,000 liters; changes at 10.00 euros B) 15.00 euros; 7,000 liters; changes at 8.12 euros C) 18.00 euros; 7,000 liters; is twice as steep as Sue's demand curve D) 10.00 euros; 7,000 liters; is half as steep as Carlos's demand curve 9) Refer to the figure above. If the price of gasoline is 12.00 euros per liter, the total quantity of gasoline demanded is liters.

Figure 5-6 Price 22 20- A 18+- 16+ 14 B 12 10 8 C 6 4 Demand ← 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price All of the above are correct. increased from $6 to $8. decreased from $18 to $16. decreased from $16 to $15.

Question 2 The following information reveals the market condition of shampoo: Price ($) / bottle Quantity demanded (No. of bottles) 50 1500 60 70 80 1300 1100 006 Use midpoint method to calculate the price elasticity of demand of shampoo if the price of shampoo per bottle decreases from $60 to $50. Show your workings and round your answer to 2 decimal places. Based on your answer, would you support the producers of the shampoo to decrease the price in this market? Explain with data support.

Hans is a butcher in Washington. The following contains data on prices and weekly sales at his shop Good Beef Chicken Price 9.00/lbs $4.00/lbs Quantity 400 lbs 300 lbs ShS He estimates that the own price elasticity for beef is 2 and for chicken is .75. He also estimates that the cross price elasticity for chicken is .60. His current revenue from the sale of these two goods is making a total of $4800/week. In the spirit of the return to good times and outdoor grilling, he has decided to lower the price of beef for the summer, from $9.00 to $8.55. Overall, Hans can expect to take in dollars in revenue, given the information in this problem? (Revenue = Price x sales). Record your answer without a dollar sign and without a comma. Helpful Hint: In this problem, we are not changing the price of chicken.

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Please see attachment and type out the correct answer ASAP with proper explanation of the each option given.will give you thumbs up only for the correct answer.solve within 40 50 minutes. Thank you

No chatgpt answer

img' (a If po increases, what happens to the demand and supply of public transportation (shifts left/shifts right/doesn’t change) What happens to the equilibrium quantity and price for public transportation? (increase/decrease)   (b)At a given price p, as oil becomes more expensive (po increases), does the (own) price elasticity of demand for public transportation increase / decrease / stay the same?   (c) Calculate the cross-price elasticity of public transportation demand with respect to the oil price po, at the point p = 1 and po = 2. Are the two goods (public transportation and oil) substitutes or complements, or unrelated?