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please can you answer my questionsa When Alex's income increased from $5,000 to $7,000, he increased his consumption of bagels from 6 to 10 a

please can you answer my questionsa

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When Alex's income increased from $5,000 to $7,000, he increased his consumption of bagels from 6 to 10 a month and decreased his consumption of donuts from 14 to 8 a month. Calculate Alex's income elasticity of demand for bagels and donuts. > >> Answer to 2 decimal places. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Alex's income elasticity of demand for bagels is 0.66. Alex's income elasticity of demand for donuts is 1]The figure shows the demand for pens. Price (dollars per pen) 14- Calculate the elasticity of demand when the price rises from $2 to $4 a pen. Over what price range is the demand for pens elastic? 12- The elasticity of demand when the price rises from $2 to $4 a pen is 0.33 10- >> Answer to 2 decimal places. The demand for pens is elastic at 8 O A. all prices greater than $6 a pen 6- O B. a price of $6 a pen O C. all prices less than $6 a pen O D. all prices less than $4 a pen 2/2 $80 100 D 0- 20 40 60 80 100 120 140 Pens per dayIf the quantity of dental services demanded increases by 15 percent when the price of dental services falls by 10 percent, is the demand for dental services inelastic, elastic, or unit elastic? The demand for dental services is O A. unit elastic O B. inelastic O C. price elastic when the price falls, but price inelastic if the price rises O D. elasticThe table gives the demand schedule for peanuts. Price Quantity demanded (dollars per packet) packets per day) When the price of peanuts falls from $1.00 to $0.60 a packet, what is the change in total revenue? 0.20 300 0.40 700 The change in total revenue is 40 dollars. 0.60 600 >>> If total revenue decreases, include a minus sign. If total revenue increases, do not include a plus sign. 0.80 500 1.00 400 Over the price range of $0.60 to $1.00, the demand for peanuts is 1.20 300 1.40 200 O A. elastic 1.60 100 O B. unit elastic O C. inelasticThe table shows the demand schedule for tea kettles. Price Quantity demanded When the price of a tea kettle rises from $20.00 to $25.00, what is the price elasticity of demand for tea kettles? (dollars per tea kettle) tea kettles per day) 5.00 7,000 The price elasticity of demand for tea kettles is 1 10.00 6,000 > >>Answer to 2 decimal places. 15.00 5,000 20.00 4,000 25.00 3.000 30.00 2.000 35.00 1,000 40.00 0

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