Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television
How much does the quantity demanded for DVRs change if the p rises by $40? A) drops by 10,000 DVRs
B) increases by 16,000 DVRs
C) drops by 2,500 DVRs
D) increases by 4,000 DVRs
A
Economics
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From 1975 to 2000, the employment rate in the United States had been
A. Remaining unchanged. B. Decreasing each year. C. Increasing each year. D. Both increasing and decreasing with an overall upward trend.
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The own price elasticity of demand for apples is ?1.2. If the price of apples falls by 5 percent, what will happen to the quantity of apples demanded?
A. It will increase 6 percent. B. It will fall 4.3 percent. C. It will increase 5 percent. D. It will increase 4.2 percent.
Economics