If Congress prohibited the sale of Japanese luxury cars like Lexus, Acura, and Infiniti, how would this affect the price elasticity of demand for Mercedes, BMWs, and Jaguars in the U.S.?

With higher fuel costs, airlines raised their average fare from $0.75 to $1.25 per passenger kilometer and the number of passenger kilometers decreased from 5 million a day to 3 million a day. What is the price elasticity of demand for air travel over this price range?

why do you think brand-named goods are more elastic or less elastic than categories, especially when there are very good substitutes for Exxon gasoline available at close distances?

ABC Manufacturing has determined that the demand function for their glow-in-the-dark headbands is given 2 by: D(p) = 160-p². a. Find E(p), the Elasticity of Demand as a function of price, p. E(p) b. Find the Elasticity of Demand when glow-in-the-dark headbands are selling at a price of $9. Give result accurate to at least 3 decimal places. E(9) = = c. At this price ($9): We would say the demand for glow-in-the-dark headbands is: Select an answer Based on this, in order to increase revenue we should: [Select an answer P = d. Use the Elasticity model to determine the price that maximizes revenue. (Round result to 2 decimal places.)

デジタル形式で段階的に解決 ありがとう!! SOLVE STEP BY STEP IN DIGITAL FORMAT In a market, the demand function for a good is Q = -3P + 16, using the elasticity function, determine the value of the elasticity when the selling price is P = 10 (place your answer as a positive using 2 decimals)

A fall in the price of radishes from $1 to $0.60 per bushel increases the quantity demanded from 19,000 to 21,000 bushels. The price elasticity of demand is   Question 7 options:   1   5   0.2   1.2   .8

PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Triple Sevens's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from LAX to LAS (Dollars per roundtrip) Room Rate at Exhilaration (Dollars per night) 350 150 50 250 200 For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Triple Sevens is charging $350 per room per night. If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens rooms per night. Therefore, the income elasticity of demand is from rooms per night to , meaning that hotel rooms at the Triple Sevens are If the price of an airline ticket from LAX to LAS were to increase by 20%, from $250 to $300 roundtrip, while all other demand factors…

What is the in-state and the out of state elasticity? Give your answer to two decimals.

A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 846 - 23x, where q is the quantity of cookies sold when the price per cookie, in cents, is x. Use this information to answer parts a) through f). WWE a) Find the elasticity. E(x) = b) At what price is the elasticity of demand equal to 1? ¢ (Round to the nearest cent as needed.) c) At what prices is the elasticity of demand elastic? OA. Greater than 18¢ OB. Prices cannot be elastic in this case OC. Prices are elastic at all values D. Less than 18¢ d) At what prices is the elasticity of demand inelastic? O A. Prices are inelastic at all values OB. Less than 18¢ OC. Greater than 18¢ e) At what price is the revenue a maximum? \[ x= \] (Round to the nearest cent as needed. Use a comma to separate answers as needed.) f) At a price of13∈/per cookie, will a small increase in price cause the total revenue to increase or decrease? Increase Decrease

Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8/day. If your MC is zero, and your capacity is 80% full at 9 A.M. over the last month, are you optimizing?