culbertchristi4887
10.04.2020 •
Business
Suppose that budding economist Buck measures the inverse demand curve for toffee as P=$100-Qd, and the inverse supply curve as P=Qs. Buck's economist friend, Sally, likes to measure everything in cents. She measures the inverse demand function as P=10,000-100Qd, and the inverse supply curve as P=100Qs.
A) Find the slope of the inverse demand curve, and complete the price elasticity of demand at the market equilibrium using Buck's measurements.
B) Find the slope of the inverse demand curve, and complete the price elasticity of demand at the market equilibrium using Sally's measurements.
C) Does the slope depend on whose measurements are used?
D) Does the elasticity depend on whose measurements are used?
E) Explain why your answers to parts c and d are the same (or different).
Solved
Show answers
More tips
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
Answers on questions: Business
- B Business Marigold Corp. has $4000000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest...
- B Business Stormer Company reports the following amounts on its statement of cash flow . Net cash provided by operating activities was $ 37.000 , net cash used in investing activities...
- B Business Linden County operates a solid waste landfill that is accounted for in an enterprise fund. The county calculated this yearâ s portion of the total closure and postclosure...
- B Business Lucky Strike Mine purchased a silver deposit for $1,500,000. It estimated it would extract 500,000 ounces of silver from the deposit. Lucky Strike mined the silver...
- B Business Whats your favorite type of train...
- B Business Marginal benefit is the benefit that a person receives from consuming A. all of the possible units of a good or service that can be consumed. B. only goods and services...
- B Business According to the Wall Street Journal, merger and acquisition activity in the first quarter rose to $5.3 billion. Approximately three-fourths of the 78 first-quarter...
- B Business Actual demand for a product for the past three months was Three months ago 400 units Two months ago 350 units Last month 325 units a. Using a simple three-month moving...
- B Business A catering service offers 10 appetizers, 11 main courses, and 3 desserts. A customer is to select 6 appetizers, 8 main courses, 2 and desserts for a banquet. In how...
- B Business November 1, 2021, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid...
Ответ:
It is only 11 points, if it were 20 points, I would answer.
legger? s? months? who knows!