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Home / Questions / Price and Quantity Effects Price ; Quantity Demanded \$200 ; 1000 \$150 ; 1400 \$100 ; 1800 If price fa

# Price and Quantity Effects Price ; Quantity Demanded \$200 ; 1000 \$150 ; 1400 \$100 ; 1800 If price fa

Price and Quantity Effects

Price ; Quantity
Demanded

\$200 ; 1000

\$150 ; 1400

\$100 ; 1800

If price falls from \$200 to \$150, what is the elasticity of
demand over this range?

A -0625

B -10

C -117

D -25

E -30

As output increases from 1,000 to 1,400 what is marginal
revenue?

A \$25

B \$50

C -\$400

D -\$25

E -\$75

If price falls from \$200 to \$150,

A Arrows representing the price and quantity effects both
point down

B An arrow representing the price effect points down and is
longer than an arrow for the quantity effect

C An arrow representing the price effect points down and is
shorter than an arrow for the quantity effect

D Arrows representing the price and quantity effects both point
up

E Total revenue moves in the same direction as the arrow
representing the price effect

If price falls from \$150 to \$100, what is the elasticity of
demand over this range?

A -0625

B -10

C -117

D -25

E -30

As output rises from 1,400 to 1,800, what is marginal
revenue?

A \$25

B \$50

C -\$400

D -\$50

E -\$75

If price falls from \$200 to \$150,

A Arrows representing the price and quantity effects both
point down

B An arrow representing the price effect points down and is
longer than an arrow for the quantity effect

C An arrow representing the quantity effect points up and
is shorter than an arrow for the price effect

D Arrows representing the price and quantity effects both
point up

E Total revenue moves in the same direction as the arrow
representing the quantity effect

If price falls from \$150 to \$100,

A Arrows representing the price and quantity effects both
point down

B An arrow representing the price effect points down and is
shorter than an arrow for the quantity effect

C Total revenue moves in the same direction as the arrow
representing the price effect

D The arrow representing the price effect points down and
the arrow representing the quantity effect points up

E Both c and d

Apr 25 2020 View more View Less Subscribe To Get Solution