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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

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