5 Answered Questions for the topic Demand

Demand Economics Supply

10/04/18

Provide THREE reasons to explain this seeming contradiction.
In the winter, which is the peak season for winter coats, the price of winter coats is typically higher than it is in the summer. In the case of strawberries, however, the reverse is true: The... more
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Demand

10/01/18

Find a mathematical model that gives the amount of sales tax y in terms of the retail price x.
State sales tax y is directly proportional to retail price x.An item that sells for 142 dollars has a sales tax of 10.22 dollars. 
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03/01/18

Elasticity of Demand
For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at the indicated price. (Round your answer to three decimal... more
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03/18/17

Suppose that the demand of a certain item is x=100e^(−0.02p). Evaluate the elasticity at 40:
Suppose that the demand of a certain item is x=100e^(−0.02p) Evaluate the elasticity at 40:
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Demand Parabolas

07/17/15

Find the level of production per week that will maximize total revenue, and determine the maximum revenue per week.
Through a series of marketing pilot programs, the marketing department determines the demand function for a small computer company’s premier laptop is q=-p/6+400, where p is the price (in dollars)... more
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