If the elasticity of demand for Good A is -3, a 33 percent decrease in quantity demanded of Good A results from a(n). in the price of Good A. O 33 percent decrease O 11 percent increase O 11 percent decrease O 99 percent increase

Price $7 | 6. 8. 10 12 14 Quantity What is the price elasticity of demand when the price is $2? O-5 -.5 -2 1. %24

When the price of a given type of hamster chow increased by 22%, 22% more units were produced and sold. Calculate the appropriate elasticity. Use this answer to interpret the question in the picture.

Table 1B: Price Quantity Before: $5.00 30 After: $4.00 40 Refer to Table 1B. Price Elasticity of Demand is about O 1.657 O No answer text provided. O 1.667 O No answer text provided.

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Suppose that the elasticity of supply is 1.60 and the price increases by 5%. We will predict a percent increase in the quantity supplied of: 8% 6% O 3.1% 12%

Attina's sister, Aquata always spends 20% of her income on boots. Assume that her income increases by some percentage while the price of boots remains constant (and that all boots cost the same). What is her income elasticity of demand for boots? O 0.2 need more information to tell 0 1

20 Given the demand equation x = 4 + where p represents the price in dollars and x the number of units, determine the elasticity of demand when the price p is equal to $5. Р Elasticity of Demand = Therefore, demand is O elastic O unitary O inelastic when price is equal to $5 and a small increase in price will result in O a decrease in total revenue. O little to no change in total revenue. O an increase in total revenue.

Using the demand equation below, what can you conclude about the price elasticity of demand for the good or service represented by the equation? Demand: P = 100 - 4Q O a. Demand is price elastic. O b. The price elasticity of demand varies along the demand curve. O c. Demand is price inelastic. O d. Demand is unitary elastic with respect to price. 4