Question
I need quality answers 1.What impact will a government subsidy paid to lithium producers have in the market? Use a supply and demand diagram in
I need quality answers
1.What impact will a government subsidy paid to lithium
producers have in the market? Use a supply and
demand diagram in your explanation.
2 If the average price of a ticket was 60, what would be
the value of total revenue?
3. Calculate the change in total revenue for Ng Chocolates
if Ng lowers the price to CNY 16.
4.Should Ng lower the price of their chocolates to
CNY16? Explain your answer.
5. Discuss the main factor in this case that influences the
value of PED.
5. Why is the supply of houses slow to increase in the UK?
6. Describe the problems caused by a lack of supply in the
UK housing market.
7 .If the price increases from US$5 to US$6, what happens
to the amount demanded?
8.What is meant by elastic demand? Use this case as an
example in your explanation.
9.Calculate PED for Hepton Tennis Club membership.
Price elasticity
of demand = Percentage change in quantity demanded ______________________________________
10. What evidence is there in the case to suggest that
demand is elastic in this example?final 40
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