manegerial econ.

1

This is considered as one of the non-price determinants of both demand and supply.Conspicuous consumption happens if:If the government adopts price flooring, its imposition of price and the problem that will arise are?A decrease in the price of the commodity when the good is said to be inelastic causes the quantity supplied by the seller to:Consider the following functions for candy (boxes) per week: Qd = 60 - 2P : Q5 = 40 + 3P Where: E - P4.00 Ea -52 boxes Ep is Equilibrium Price Ea Is Equilibrium Quantity Base on the demand and supply functions above, from equilibrium price and quantity, if the price changes to P3.00, what is the value of its price elasticity of demand?The following supply.r forces will shift its mm 11: the right, except? If the government adopts price ceiling, its imposition of price and the problem that will arise are?Who suffers if there would be a shortage of a particular Commodity?Suppose there are two goods: A and B. The price of good A increases from P30.oo to P35.00, and the Quantity demand for good B declines from 55 units by 40 units. What is the value of its elasticity coefficient?Stellio's Pizzeria has been experimenting with the price of its Stellio's Supreme Pizza. At a price of P12.00 per slice, quantity demanded per slice is 100. At P10.00, quantity demanded increases to 120 slices. When the price is P8.00, quantity demanded increases to 140 slices. Using the arc elasticity method, the price elasticity of demand between P12.00 and P10.00 is?Suppose the supply curve is constant and the demand curve shift due to a decrease of price of its substitute good. What happen to its equilibrium price?Suppose again that the supply curve is fixed but the price of the good decreases due to some price promotions. What happen to the equilibrium quantity?Which of the following factors of demand shifts the curve to the left?What would happen to the equilibrium quantity if the number of population increases but the cost of inputs decline?Consider the following supply function of TakU product in the market (boxes per week): QS = 25,000 + 30OP - 10C + 2005 Where: P is the price of the product C is the total cost in producing the product S is the number of sellers How much will be supplied in the market if the price to be charged will be P30.00 letting the number of sellers and the total cost in producing the product constant?Which of the following statement is true