Suppose that in a week the price of Greek yogurt increases from $1.25 to $1.50 per container. At the same time, the quantity of Greek yogurt demanded at a typical grocery store decreases from 9,000 to 5,000 containers per week. What is the price elasticity of demand for Greek yogurt? Instructions: Round your response to one decimal place. g

When the price of peanut butter is $5 per package, Oliver buys 5 jars of jelly. When the price of peanut butter changes to $20 per package, Oliver buys 6 jars of jelly. What is Oliver's cross-price elasticity of demand? (Use the midpoint method in your calculations and round your answer to two decimal places.)

Suppose the price elasticity of demand for coke is −3 and the cross-price elasticity of demand between coke and the price of Pepsi is 2.2. If the price of Pepsi decreases by 5%, what would happen to the demand for coke and what would have to happen to the price of coke to exactly offset the fall in the price of Pepsi and leave the quantity demanded of coke unchanged, respectively?

Consider the following demand schedule for movie tickets.  Data for movie tickets Price ($ per ticket) Quantity demanded (tickets per day) 7 300 8 200 9 100 Suppose the price of a movie ticket falls from $9 to $7. Calculate the price elasticity of demand.  Show work:

Use the graph for Yolanda's Frozen Yogurt Stand to answer the questions that follow Use the midpoint formula to calculate the price elasticity of demand for D, between point A and point C and the price elasticity of demand for Dy between point A and point Price elasticity of demand for D- (Enter your response rounded to two decimal places Be sure to include the mus sign (BUID JA AMIN) POL 4.00 3.15- 330 335 300 275 250 225 200 UN 1304 125 1.00 17H 650 she 100 Quanty (on per day) Di

Research has found that the an increase in the price of Coca-Cola would increase quantity demanded for Pepsi.  Is the cross elasticity of demand between the two products positive or negative?  What does this imply about the relationship of Coca-Cola to Pepsi?  In addition, research has found that the an increase in the price of hot dog buns would decrease quantity demanded for hot dogs.  Is the cross elasticity of demand between the two products positive or negative?  What does this imply about the relationship between hot dog buns and hot dogs?  Please explain in detail your logic for both of these relationships.  Also, can you think of another example of products that would behave in similar ways to Coca-Cola/Pepsi and hot dogs/ hot dog buns?

f the price of a haircut is $10, the number of haircuts provided is 200. If the price rises to $15 per haircut, barbers will work much longer hours, and the supply of haircuts will increase to 250. Instructions: Round your answer to two decimal places. The price elasticity of supply for haircuts between $10 and $15 using the mid-point method is.

Suppose that the price of a movie ticket changes 20 % and quantity demanded changes 49 %, With the given change in quantity demanded and price, what is the price elasticity of demand for movie ticket? (Enter a positive number) G

am. 111.

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