Is the demand for a particular brand of car, like a Chevrolet, likely to be more or less price-elastic than the demand for all cars?   It's likely to be  more/less         price-elastic because of the availability of  substitues/complements

If the price of Moonlight massage oil decreases from $3 to $2.50 and, as a result, total revenue of $6,000 does not change, what is the elasticity of demand? Multipie Choice 0.22 0.55 1. 1.2 1.67 Note:-      Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Suppose the accompanying table contains data on how many Veggie Delite sandwiches Subway is willing to sell each day at two different prices. Calculate the daily price elasticity of supply when the price increases from $5.00 to $7.50. Please round to the nearest hundredth. Price(per sandwich) Quantity supplied(sandwiches per day) $5.00 200,000 $7.50 210,000 a. Daily price elasticity of supply for Veggie Delite sandwiches = b. The daily price elasticity of supply for Veggie Delite sandwiches is relatively Elastic or Inelastic Now consider how responsive Subway’s supply of Veggie Delite sandwiches is to changes in price on an annual basis instead of a daily basis. c. Compared to the daily value, the annual price elasticity of supply for Veggie Delite sandwiches is likely to be more Inelastic or Elastic  and the annual supply curve is likely Flatter or Steeper  to be than the daily supply curve.

can you answer both questions? i will like your answer

Q4

A firm estimates its price elasticity of demand for poutine to be -2 and its elasticity of demand with respect to advertising to be 0.1. The firm currently charges $10 and sells 10,000 units. What will lead to a larger increase in revenue: a $2 drop in price (while keeping advertising constant) or doubling the amount of advertising (while keeping the price constant)?

With an elastic demand curve, an increase in the price leads to a decrease in quantity demanded that is proportionately larger. Thus, total revenue decreases” Explain this statement using proper graphs

If the price of streaming movie rental is $7.00, Darrin will rent 4 movies in a month. If the price of a streaming movie rental is $4.00, Darrin will rent 8 movies in a month.   Using the Midpoint Method for Elasticity, what is Darrin's Price Elasticity of Demand for streaming movie rentals (round all calculations to the closest ten-thousandths so that your percentages are rounded to the closest hundredths; round your final answer to the closest hundredths)?   Is his demand Elastic, Inelastic, or Unitary?   If Darrin is the typical streaming movie rental customer, should the company increase or decrease their price of streaming movie rentals to increase revenues?