1.A firm's demand curve is estimated to be Q = 400 - 3P, where Q is quantity and P is the price of the good. At P = $21,what is the point of elasticity of demand

2.A firm's demand equation is given by: Q = 60 - 60P + 2Y, where Q is quantity, P is price, and Y is income. If price increases by $2 and income increases by $67, then quantity demanded will change by how manyunits.

3.A product's point price elasticity has been estimated at -1.5. At the initial price of $28.2, the quantity demanded was 10 units. If the firm cuts the price to $17.5, quantity demanded and sold is expected to increase by whatpercentage

4.Explain why cattle would not be good use of money today

5.What is another term of free market system

6.Explain laissez-faire economic policies consequences

7.Why do politicians advocate that the people go shopping when in a recession

8.Andrea, a self-employed individual, wishes to accumulate a retirement fund of$800,000. How much should she deposit each month into her retirement account, which pays interest at a rate of2.5%/year compounded monthly, to reach her goal upon retirement35yearsfrom now?

9.Why doesn't the government lower the price for healthy food and raise the price for unhealthy food? Wouldn't they save billions in healthcare costs?

10.The probability that it will rain in Manhattan on Sunday is 0.9. Calculate the probability that it will not rain in Manhattan on Sunday is