If the price of laser eye surgery falls by 50 percent and the quantity of contact lenses
Question:
If the price of laser eye surgery falls by 50 percent and the quantity of contact lenses de manded falls by 25 percent, fi nd the cross elasticity of demand for these two goods.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To find the cross elasticity of demand for laser eye surgery and contact lenses we ...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
25) What is measured by the price elasticity of supply? A) The price elasticity of supply measures how responsive producers are to changes in the price of other goods. B) The price elasticity of...
-
1. The income elasticity of demand is _____ (positive/negative) for normal goods and _____ (positive/negative) for inferior goods. 2. If a 20 percent increase in income increases the quantity of...
-
Create a simple key logger in C following these instructions: 1. Include two libraries, one that will provide input and output functions and another that will provide a function with an ability to...
-
To some U.S. manufacturers and labor unions, a cheap yuan value gives China's advantage in the global economy. bankers exports importers subsidies an unfair
-
Pindar Corporation acquired all the outstanding stock of Strauss Company for $23,000,000 on January 1, 2020. On the date of acquisition, Strauss had the following balance sheet: Strauss Company...
-
The magnitude of Earths magnetic field is about 0.5 gauss near Earths surface. Whats the maximum possible magnetic force on an electron with kinetic energy of 1 keV? Compare with the gravitational...
-
For the vinyl-chloride process, using heats of formation, heat capacities, and latent heats, carry-out energy balances to determine the heats liberated and absorbed in the two reaction operations....
-
Tammy Krause is the new owner of Tammys Computer Services. At the end of July 2012, her first month of ownership, Tammy is trying to prepare monthly financial statements. She has the following...
-
At the indicated point for the function, find the following. (Round your answers to the nearest whole number.) y = (x3 + 4x) at x = 2 (a) Find the slope of the tangent line at the given value. (b)...
-
If your income rises by 20 percent and you decide to increase your purchases of clothing by 10 percent, fi nd your income elasticity for clothing.
-
In Figure 6: (a) How much is the tax? (b) How much of this tax is borne by the buyer and how much is borne by the seller? Price ($) 16 14 12 10 8 6 4 2 Figure 6 10 20 30 40 50 Quantity 60 70 S S D 80...
-
For which positive integer n will the equations (1) x1 + x2 + x3 + ... + x19 = n, and (2) y1 + y2 + y3 + ... + y64 = n have the same number of positive integer solutions?
-
1. Natural selection where peak gets higher andnarrower is: - (1) Directional selection (2) Disruptive selection (3) Stabilishing selection (4) Random selection 2. Which of the following does not...
-
Jada ( age 5 3 ) and Elijah ( age 6 0 ) are married, and both are self - employed. In 2 0 2 3 , they participate in a health insurance plan with a $ 3 , 0 0 0 annual deductible and out - of - pocket...
-
SR Inc. has bonds with semi-annual payments. The bonds have 8 years to maturity and are currently priced at $990. At this price, the yield to maturity on the bonds is 9.2%. The par value of the bonds...
-
Topics: Choose one of the topics below for your assignments 2A, 2B and 3 to fix the organisation's communication issues: A. Using social media in the workplace to communicate internally with staff B....
-
The payoffs can be any real numbers. Suppose that you add the same constant to each payoff. What happens to the results under any of the decision strategies
-
Discuss the companys decision to grow beyond its core affluent consumer base. What did this do for the company and the brand?
-
Write a paper about how diet relates to breast cancer in women study design to use: case control study purpose & rationale the purpose of this final project is to utilize the methods and...
-
Suppose that the demand for broccoli is given by Demand: Q = 1,000 5P where Q is quantity per year measured in hundreds of bushels and P is price in dollars per hundred bushels. The long-run supply...
-
The handmade snuffbox industry is composed of 100 identical firms, each having short-run total costs given by STC = 0.5q2 + 10q + 5 and short-run marginal costs given by SMC = q + 10 Where q is the...
-
The perfectly competitive DVD copying industry is composed of many firms who can copy five DVDs per day at an average cost of $10 per DVD. Each firm must also pay a royalty to film studios, and the...
-
in term of NoSQL MongoDB : what are the Emerging Technologies Over the Horizon ?
-
Compare and list the Data modeling difference between a relational database and NoSQL MongoDB ?
-
How is NoSQL, newSQL help improve our daily activity? How will noSQL and/or new SQL help with future technology How is big data security work? How is big data security apply to our daily activity and...
Study smarter with the SolutionInn App