(q1 – 92) (Pi – P2) 92 P2 Using the two data points here, compute elasticity for Boston using the formula relative to the second point. Round your answer to the nearest hundredth. Boston Subway Fare Annual Ridership (in millions) Year 1980 0.50 158 1981 0.75 143

Compute a slope and elasticity of a line, which goes through coordinate points (2,7) and (4,1). Illustrate your results by a graph of this function. Provide a written interpretation of your results

If possible, please include made-up numerical values.

-0.06 The short-term demand for crude oil in Country A in 2008 can be approximated by q = f(p) = 1,952,082p where P represents the price of crude oil in dollars per barrel and q represents the per capita consumption of crude oil. Calculate and interpret the elasticity of demand when the price is $62 per barrel. The elasticity of demand for oil is (Type an integer or a decimal.)

Q1: KSU Products has just carried out a survey of the demand for their guidebooks to spoken Arabic. They have found the following results over the last six months. Sales revenue 356 398 372 360 365 350 Price ($) 4.5 4.0 4.2 4.5 4.3 4.8 a. Estimate an appropriate demand relationship; Q=apb b. Make a forecast of sales revenue for a price of $5, stating any assumptions. c. Éstimate the price elasticity of demand for the data as a whole. d. If price is raised 10 per cent in general terms, what will happen to revenue?

please help the answers I got were wrong!!!

Your marketing research department provides the following estimated demand function for your product: Qd=500.6-11.4P-0.2INCOME where P is the price of your product and INCOME is average income. Your product is good because If the standard error for the price coefficient is 2.0, its t-statistic will be Therefore, the coefficient is (Round your answer to two decimal places)