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ECON 1530 Lecture Notes - Lecture 2: Minuscule 22

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turquoisegoat277
24 Aug 2021
School
York University
Department
Economics
Course
ECON 1530
Professor

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ECON 1530 Full Course Notes
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ECON 1530 Full Course Notes
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Document Summary

E g v a t i o n s i u e c o i " i o m ( c s r4fuirr;"ry1^j4y tre-vril. @ n - w % e a t " r o j - t o n s. ^ ry tp enpr,n". ud oj j tr:;ffr ad b ra svw p@tw. Q s = a t b p wheru, as = atn,. rd\rlwknd n. Y = c r f t q wlqnlz y = lrlwrrrt. Q s = - 2 o + 3 ? qtr " 22?. - op. T n @ f u ^ , tnq u. ^ A = - z n + 3 ? a" = 2zo- ep. :sziafo (u s! l2) q4i" - z- u r. , a = - z o * 3 p . I . t: = - 2 0 - 2 2 0 + 7 f r 5 r. Sd?glihreu^e n ; , t - u , o p *nt.

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Related Questions

19. At the point on the demand curve where Q = 10 and P=70, the elasticity of demand, expressed as a positive number, is: A) O B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 715 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 0) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

20. At the point on the demand curve where Q = 16 and P = 40, the elasticity of demand, expressed as a positive number, is: A)0 B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 7/5 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 O) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

24. Again, the government places a $30 per unit tax on the buyers of widgets. At the new equilibrium, the price paid by buyers (including the tax paid) will be: A) $120 B) $123 C) $126 D) $129 E) $132 F) $135 G) $138 H) $141 1) $144 J) $147 K) $150 L) $153 M) $156 N) $159 O) $162 P) $165 Q) $168 R) $171 S) $174 T) $177 U) $180 V) $183 W) $240 X) $1500 Y) $3000 Z) none of the above