Answer: Please find answers in explanation column
Explanation:
Given
Qd = 100 - 20P
Qs = 10 + 40P
Price Quantity Quantity Quantity
( Per Dozen) Demanded (Qd) Supplied (Qs)
$ .50 90 30
$ 1.00 80 50
$ 1.50 70 70
$ 2.00 60 90
$ 2.50 50 110
Calculation
at price = $0.50
Qd = 100 - 20P
= 100 - 20 x (0.50) =100-10 =90
Qs = 10 + 40P= 10 + 40 x (0.50)=10+ 20 = 30
at price = $1.00
Qd = 100 - 20P
= 100 - 20 x (1.00) =100-20 =80
Qs = 10 + 40P= 10 + 40 x (1.00)=10+ 40 = 50
at price = $1.50
Qd = 100 - 20P
= 100 - 20 x (1.50) =100-30 =70
Qs = 10 + 40P= 10 + 40 x (1.50)=10+ 60 = 70
at price = $2.00
Qd = 100 - 20P
= 100 - 20 x (2.00) =100-40 =60
Qs = 10 + 40P= 10 + 40 x (2.00)=10+ 80 = 90
at price = $2.50
Qd = 100 - 20P
= 100 - 20 x (2.50) =100-50=50
Qs = 10 + 40P= 10 + 40 x (2.50)=10+ 100 = 110
The correct answer to this question is 10 years old. Alton Middle School is the largest middle school in Illinois. It is approximately composed 1,500 students and has started in the year 2006. It has a school system that has a 'gifted' student program from 1st to 8th graders - thus covering the middle school.
Answer:
Explanation:
Some people need to drive to work in far places, and they can not afford to take public transportation every day. Others may be in High School and want a car to go to school, but they will be fine without having one.
Answer:
OPTION C = 51%
Explanation:
<em>Percentage of federal tax revenue which comes out of individuals paycheck</em>
<em>=individual income tax+corporate income tax</em>
given that,
individual income tax=42%
corporate income tax=9%
Hence, Percentage of federal tax revenue which comes out of individuals paycheck
=42%+9%
=51%
Answer:
Elastic ; greater than 1
Explanation:
We know that
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (Percentage change in price) × 100
Since in the question it is given that the percentage change in quantity demanded is more than the percentage change in price that reflects that the price elasticity is elastic that means it is greater than one.
