Now show the change in the market for desktop computers that is consistent with the following statement: When a technological advance impro the features of laptop computers, the price of laptop computers rises, and the price of a used desktop computer falls. Price of Desktop Computers Supply Demand Quantity of Desktop Computers Demand I Supply

At Louie’s Steak House, the quantity demanded for the 56 oz. “Grizzler” steak was 25 at a price of $16. When Louie lowered the price of the “Grizzler” to $11, the quantity demanded increased to 70.  Calculate the price elasticity of demand for Louie’s “Grizzler”.

The following table contains a monthly demand and supply schedule for large, single- topping, carry-out pizza Pizza Price  (per pack) Quantity demanded for pizza (per pack) Quantity supplied for pizza (per pack)  Quantity demanded for good Y $21 6000 7900 6000 $19 7000 7200 8000 $17 8000 6500 10000   (A) Calculate the price elasticity Of demand (PED) for good X when price fall from S 19 to $ 17.    (B) Suppose you are the sellers of pizza based on the value of PED obtained In your answer for  Question(A), would you or would you not raise the price of pizza? Why?    (C)What S the cross elasbcity of demand (CED) of Good Y when price of carry-out pizza fall from $19 to S17? How is pizza and the Good Y related?

Use the graph to answer the question that follows. What is the price elasticity of demand when price increases from $2 to $4? A-0.2 B-0.5 C-2 D-3 E-5