Peaks & Valleys Co. serves customers in two towns, Abovely and Belowing. Residents of Abovely have demand function QA : Residents of Belowing have demand function QB = 18 - 0.2PB. The total cost of serving Q = QA + QB consumers is C = 10Q. Who has more elastic 220 - 4PA. %3D %D demand at a given price, Abovely or Belowing residents, and whom would you expect to pay the higher price based on the elasticities if P&V price discriminates? Abovely residents have more elastic demand, and therefore will pay less. Abovely residents have more elastic demand, and therefore will pay more. Belowing residents have more elastic demand, and therefore will pay less. Belowing residents have more elastic demand, and therefore will pay more.

A. Using the mid point equation, calculate the price elasticity of demand for the market demand curve for a change from the equilibrium price of $4.00( show the equation and all calculations) is the demand curve elastic or I elastic for this price change? What would happen to the total market revenue if the price changed to $4.00  b. If a new firm(competitor) enters this market so that 6adsitional units are supplied at each price above $0, what would happen to the equilibrium price and quantity and the total market revenue of the market. Add a new market supply curve to your original graph and indicate the new equilibrium price and quantity on the appropriate axes.

Which of the following is not a function of elasticity in the real world? O It gives a signal to the producers if there is an incentive for price changes in any area. It is an indicator of the possible changes in prices of a customer, given a demand in an area. O It is an indicator of the product-market fit of a specific product or service, as indicated in the income of an area overtime. O It is an indicator of the possible changes in producer's changes in supply in an area given price changes.

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.

Assume lawyer services have an elasticity of demand of 2.0 in absolute value. Currently, a lawyer charges $300 per consultation and she has 100 consultations per week. If she raises her rate to $375 perconsultation (a 25% increase) her revenue wil (use the general formula for elasticity not the midpoint formula)rise from s30.000 per week to $31500 per weekrise from $30.000 per week to $33750 per weekfall from $30.000 per week to $18750 per weekfal from $30,000 per week to s26000 per week

6:357 A webassign.net In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function p + 2p + q = 100 at p = 9. (b) How will a price increase affect total revenue? O Since the demand is unitary, there will be no change in the revenue with a price increase. O Since the demand is inelastic, an increase in price will decrease the total revenue. O Since the demand is elastic, an increase in price will decrease the total revenue. Since the demand is inelastic, an increase in price will increase the total revenue. Since the demand is elastic, an increase in price will increase the total revenue. Need Help? Read it

If the unit selling price p(x) and the quantity supplied x of a certain product is given by p(x) = x4e9x + 3, find the marginal revenue function R'(x). R'(x) = Submit Answer -/1 Points] Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on elasticity of demand and finding the unitary price point Given the demand equation x = 185e-P/30, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. dollars p= Submit Answer -/1 Points] DETAILS Math 110 Course Resources Implicit Differentiaion & Related Rates Course Packet on implicit differentiation dy dx Let exy - x5 = 4. Compute dy dx Submit Answer DETAILS -/1 Points] DETAILS Math 110 Course Resources Implicit Differentiaion & Related Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for SkanDisc 2GB thumb drives is given by P = 4(x + 3) e-x/3 where p is the wholesale unit price in dollars…

Suppose the demand for crossing the Golden Gate Bridge is given by Q = 10,000 − 1,000P.  a. If the toll (P) is $3, how much revenue is collected? b. What is the price elasticity of demand at this point?   c. Could the bridge authorities increase their revenues by changing their price? d. In 2019, the San Francisco Bay area Water Emergency Transportation Authority (WETA) announced it was considering the implementation of hovercraft service as a supplement to existing ferries. Suppose that a fast hovercraft alternative to the Golden Gate Bridge is implemented between Marin County and San Francisco. How would the new service affect the elasticity of demand for trips across the Golden Gate Bridge?