{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T06:06:23-04:00", "answer_date": "2024-06-21 06:06:23", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3407371", "url": "\/study-help\/questions\/question-three-correct-the-underlined-part-1-if-each-15-3407371", "question_creation_date_js": "2024-06-21T06:06:23-04:00", "question_creation_date": "Jun 21, 2024 06:06 AM", "meta_title": "[Solved] Question Three: CORRECT THE UNDERLINED PA | SolutionInn", "meta_description": "Answer of - Question Three: CORRECT THE UNDERLINED PART. 1. If each 15 percent increase in the price of TVs increases by 4 percent | SolutionInn", "meta_keywords": "question,three,correct,underlined,part,1,15,percent,increase,price,tvs,increases", "question_title_h1": "Question Three: CORRECT THE UNDERLINED PART. 1. If each 15 percent increase in the price of TVs increases by 4 percent the quantity supplied, the", "question_title": "Question Three: CORRECT THE UNDERLINED PART. 1. If each 15 percent increase", "question_title_for_js_snippet": "Question Three CORRECT THE UNDERLINED PART 1 If each 15 percent increase in the price of TVs increases by 4 percent the quantity supplied, the price elasticity of supply for TVs is equal to 4 2 The monthly rent for the warehouse is the main total cost in any firm 3 Aconsumer buys 50 units of chocolate when the price is E1 50 The amount purchased increased to 90 units when the price is reduced to E1 25 According to this case, the price elasticity of demand would be 4 4 The steeper the supply curve, the better it is 5 If Marietta College theatre department increases ticket prices for its performances and we observe that total ticket revenue decreases, we can conclude that performances are unitary elastic as the elasticity must have been equal 1 6 In a perfectly competitive market, the government determines the prices at which goods are sold 7 When the price of milk rose 50 the quantity of milk sold fell 25 and the sale of breakfast cereal also fell 25 This set of facts indicates that the milk and the breakfast cereals are substitutes 8 If Qd 40 6 P and Qs 30 2P, the equilibrium price is 3 and the equilibrium quantity is 20", "question_description": "\"image
\"image<\/div><\/div><\/div> Question Three: CORRECT THE UNDERLINED PART. 1. If each 15 percent increase in the price of TVs increases by 4 percent the quantity supplied, the price elasticity of supply for TVs is equal to 4. 2. The monthly rent for the warehouse is the main total cost in any firm. 3. Aconsumer buys 50 units of chocolate when the price is E1.50. The amount purchased increased to 90 units when the price is reduced to E1.25. According to this case, the price elasticity of demand would be 4. 4. The steeper the supply curve, the better it is. 5. If Marietta College theatre department increases ticket prices for its performances and we observe that total ticket revenue decreases, we can conclude that performances are unitary elastic as the elasticity must have been equal 1. 6. In a perfectly competitive market, the government determines the prices at which goods are sold. 7. When the price of milk rose 50% the quantity of milk sold fell 25% and the sale of breakfast cereal also fell 25% This set of facts indicates that the milk and the breakfast cereals are substitutes. 8. If Qd = 40 -6 P and Qs = 30 + 2P, the equilibrium price is 3 and the equilibrium quantity is 20", "transcribed_text": "", "related_book": { "title": "Financial Reporting and Analysis Using Financial Accounting Information", "isbn": "1285401603, 1133188796, 9781285401607, 978-1133188797", "edition": "13th edition", "authors": "Charles H. Gibson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/304.jpg", "uri": "\/textbooks\/financial-reporting-and-analysis-using-financial-accounting-information-13th-edition-304", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8857866184", "uri": "\/textbooks\/the-art-of-managing-your-money-well-1st-edition-979-8857866184-213232", "name": "The Art Of Managing Your Money Well", "edition": "1st Edition" }, "question_posted": "2024-06-21 06:06:23", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/insects-are-caught-in-a-trap-at-a-rate-of", "description": "Insects are caught in a trap at a rate of 0.21 per minute. What is the probability of catching between 10 and 15 insects in an hour? Use the normal approximation to the Poisson distribution with and...", "stars": 3 }, { "url": "\/study-help\/calculus-4th\/in-the-laboratory-the-escherichia-coli-bacteria-grows-such-that-1200740", "description": "In the laboratory, the Escherichia coli bacteria grows such that the rate of change of the population is proportional to the population present. Assume that 500 bacteria are initially present, and...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/then-next-to-each-word-which-is-transmitted-another-parity-1983438", "description": "Then, next to each word which is transmitted, another parity digit is placed such that the total number of 1s representing a word is an even integer. When the word with the n + 1 digits is...", "stars": 3 }, { "url": "\/on-january-1-2013-when-its-30-par-value-common", "description": "On January 1, 2013, when its $30 par value common stock was selling for $80 per share, Plato Corp. issued $10,000,000 of 8% convertible debentures due in 20 years. The conversion option allowed the...", "stars": 3 }, { "url": "\/study-help\/questions\/colorado-corporation-has-two-classes-of-stock-common-5-par-9789736", "description": "Colorado Corporation has two classes of stock: common, $5 par value; and preferred, $10 par value. Requirements 1. Journalize Colorado's issuance of 3,000 shares of common stock for $12 per share. 2....", "stars": 3 }, { "url": "\/study-help\/questions\/let-z-be-a-standard-normal-random-variable-calculate-the-2079580", "description": "Let Z be a standard normal random variable. Calculate the following probabilities using the ALEKS calculator. Round your responses to at least three decimal places. (a) P (Z > -1.25)= X G ? (b) P(Z...", "stars": 3 }, { "url": "\/study-help\/questions\/2135-a-1m-x-1m-square-board-is-sup-ported-941799", "description": "2.1.35 A 1m x 1m square board is sup- ported by two strings AE and BF. The ten- sion in the string BF is 20 N. Express this tension as a vector. y E 2 m 2.5 m F 1 1 m A B plate 1 m 2 m D C x...", "stars": 3 }, { "url": "\/study-help\/questions\/on-january-15-2014-mary-barra-became-the-chief-executive-941110", "description": "On January 15, 2014, Mary Barra became the chief executive officer (CEO) of General Motors, the first female CEO of a major global automaker. She is also a member of the GM board of directors....", "stars": 3 }, { "url": "\/study-help\/questions\/emily-needs-your-help-with-building-a-display-for-cakes-956254", "description": "Emily needs your help with building a display for cakes. She wants to include a small roof over the display to provide some shade and protection from the elements. She is trying out different...", "stars": 3 }, { "url": "\/study-help\/questions\/333-complete-question-an-it-director-reviews-a-cyber-security-954434", "description": "An IT director reviews a cyber security audit and learns that an old accounting server is significantly out of compliance. Rather than attempting repairs, the director concludes that decommissioning...", "stars": 3 }, { "url": "\/study-help\/questions\/the-purpose-of-oneway-anova-is-to-compare-multiple-means-953601", "description": "The purpose of one-way ANOVA is to compare multiple means from the variations of the mean. The null hypothesis is Ho = 2 = = k and alternate is HA i Hj. We have the sample data in the table: Y1 Y2...", "stars": 3 }, { "url": "\/study-help\/questions\/question-is-from-study-unit-5-on-exchange-rate-and-3240177", "description": "Question is from study unit 5, on exchange rate and foreign trade. Exchange rates plays an important role in a country's trade performance. Studies show that a weaker domestic currency stimulates...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/talk-about-globalization-in-teaching-references-camargoplazas-pilar-silva-3407370", "next": "\/study-help\/questions\/the-america-the-eu-and-other-allies-have-put-in-3407372" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "Question Three: CORRECT THE UNDERLINED PART. 1. If each 15 percent increase", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/question-three-correct-the-underlined-part-1-if-each-15-3407371" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } }}