Price $1000 D2 0 300 500 650 D3 Multiple Choice Computers Per Week A $1200 $1000 $600 500 Computers Per Week B Refer to the graphs. Which of the following best represents a negative demand shock when prices are flexible? O the shift from D2 to D1 in graph B O the shift from D2 to D1 in graph A the shift from D2 to D3 in graph A 0 O the shift from D2 to D3 in graph B D1 D2 D3

Answer please...

1. Online the timing and tailoring of prices to specific models of products is the key to successful pricing in online markets. And “Thanks to the ready availability of data in online markets, a pricing manager can easily approximate the elasticity of demands for the different products it sells online.” Assuming a 10 percent decrease in price increases sales by 28 percent, calculate the price elasticity of demand? If the wholesale price of the online product is $50 and sells at a price comparison site that charges $.50 per click and boasts a conversion rate of 5 percent (an average of 20 clicks are needed to generate a sale). What price should you charge for the product? What is the optimal markup on cost? 2. The authors assert that price sensitivity is affected by (1) product life cycles, and (2) numbers of competitors. In fact, “when the number of competing sellers doubles, a firm’s elasticity of demand is expected to double (and you should be able to verify this through…

when the price is $7 consumers want to spend $345.24 on spaghetti. when the price is $5 consumers want to spend $267.85 on spaghetti. what is the elasticity of demand between these prices?

Which is true of the graphs?

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Traffic fee The graph below shows the daily demand for entry into the downtown core of a major city by commuter vehicles and shoppers' vehicles if they were required to pay a special traffic fee in order to enter. a. Draw the total demand curve. Plot only three points of the curve. 14 12 10 4 Commuters Shoppers Tools 0 6 12 18 24 30 36 42 Number of vehicles per day (tens of thousands) Total demand b. Assuming that there is no charge for entry, what is the total number of vehicles entering downtown? (Give your answers in tens of thousands of vehicles.) Quantity of vehicles: c. Suppose that government, in an effort to reduce the number of vehicles by 50 percent, decides to impose a traffic fee (the same fee for both commuters and shoppers) for entry into the downtown area. What will be the amount of the fee, and how many of each group will enter downtown? Fee: $ Number of commuter vehicles: Number of shoppers'vehicles: [ оп d. Assume that government, alternatively, decides to have a…

QUESTION 11 The number of seats available in an arena is fixed at 20,000. The equilibrium price for a ticket to a basketball game at the arena is $75. The equilibrium price for a ticket to the circus at the arena is $25. Which of the following is true? O The demand for each basketball game must be more than the demand for each circus performance. O Basketball games must be more expensive to produce than a circus performance. O The supply of circus performances must be less elastic than the supply of basketball games. O The demand for each circus performance must be greater than the demand for each basketball game.

Only typed solution

Questions 1 and 2 are from Chapter 3 and Questions 3 and 4 are from Chapter 4. 1. (5 points) о Price (dollars) 210 11 A 5 3 B о 200 400 D E 1,000 1,400 1,800 Quantity Demand 2,400 (a) What is the price elasticity of demand at point B? Please show your calculations. (b) What is the arc elasticity of demand between point B and point C? Please show your calculations. 1 Price elasticity at a point is slope Price Quantity Where “slope” is the slope of the demand curve in the above graph which is calculated between any two points on the demand curve using the following formula slope = change in Price change in quantity Arc Price elasticity = Q2-Q1 ((Q₂ + Q₁)/2) P₂-P₁ (P₂+ P₁)/2) 2 (For Arc elasticity see the above formula and the formula on page 83 in "Inside Business 3-2)