Premium: $300, Standard: $15 Essentials: $10 and Free. Which package represents the anchor price? O a. Premium - $300 O b. Standard - $15 O c. Essentials - $10 O d. Free - $0

Gives explanation correctly

When a ride-sharing service implements "surge" pricing, raising all fares by 30%, drivers choose to work longer hours and and the supply this results in an increase of 40% more rides available. The price elasticity of supply for ride-sharing is is O 1.33; inelastic O 1.33; elastic O 0.75; elastic O 0.75; inelastic

Done 4 LO 5 6 Question 3 **** Question 4 Question 5 199 + © ** D.J ECO-205 As...) O'Neill copy Question 4 What would happen to equilibrium price and equilibrium quantity of khaki pants if...the price of the cloth used to make khaki pants falls? A B S Price Slide 5 of 6 Eq 0₁ Ea. Q₂ D Quantity 5 Price Price Eg с 5 P₂ Eq P₁ D₂ Q₂ Quantity Q₁ 0₂ Quantity Describe the impact on equilibrium price and equilibrium quantity... what happened, and why? (Type your answer here.) The equilibrium price will go down due to the price decline of cloth. Companies have the ability to make different products at lower prices, making the equilibrium quantity decrease because fewer khaki pants are being made. A Drag this circle and place around the letter below for your answer. Price t%₂ P₁ P₂ 0₂ Notes Ơ : Q₁ 5 Quantity Comments :

Assume that Robyn wants to buy socks and once she finds out that the price per pair is $5. she decides to buy 4 pairs of socks. Which of the following is true? O a) The marginal benefit (or marginal utility) of the 5th pair is higher than the marginal cost of the Sth pair O b) The marginal benefit (or marginal utility) of the 4th pair must be equal to $20 O O The marginal benefit (or marginal utility) of the Sth pair must be lower than $5 O d) The marginal benefit (or marginal utility) of the first pair must be lower than 55

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Price per Candy $8 7 LO Answer: 6 5 4 Tex 3 8 00 17 23 Individual Quantitles Demanded Dex 1 2 3 5 + + + + + Rex 0 4 6000 8 If the price per candy is $6, what is Tex's individual quantity demanded? Total Quantity Demanded 12 19 27

Done 3 4 LO 5 199 Question 2 Question 3 Question 4 pr S D.J Price ECO-205 As...) O'Neill copy Question 3 What would happen to equilibrium price and equilibrium quantity of khaki pants if... the wage rate paid to garment workers increases? A B Price Price S Slide 4 of 6 Eq 0₁ Ea. Q₂ D Quantity 5 5 Eg P₂ Eq P₁ Q₂ Q₂ Quantity Q₁ Q₂ Quantity Describe the impact on equilibrium price and equilibrium quantity... what happened, and why? (Type your answer here.) Wages go up, the equilibrium cost will rise because it is going to cost more to make khaki pants now. Therefore, the equilibrium quantity will go down due to people not buying khakis and buying substitute products. A Drag this circle and place around the letter below for your answer. D EQ₂ D₂ Price P₁ P₂ Eq Q₂ Notes Ơ : Q₁ 4 Quantity Comments :