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ECON 105 Lecture Notes - Horse Length, Edison Electric Institute, European Route E6

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sapphirecamel170
25 Oct 2012
School
Simon Fraser University
Department
Economics
Course
ECON 105
Professor
Seong- Jun Choi

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ECON 105 Full Course Notes
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Related Questions

AI 16. If the price of X is set at $0.10 per unit, the quantity of the good purchased by this consumer each month will be: B) 2 C)3 D) 4 E) 6 F) 8 G) 10 H) 12 I) 16.5 J) 23.5 K) 63 L) 64 M) 128 N) 129 0) 150 P) 156 Q) 157.5 R) 159.5 S) 160 T) 255 U) 256 V) 256.5 W) 257.5 X) 260 Y)0 Z) none of the above

13. If the price of X is set at $24.00 per unit, the number of units of X purchased by this consumer each month will be: A) 1 B) 2 C) 3 D) 4 E) 5 F) 6 G) 7 H)8 1) 9 J) 10 K) 12 L) 14 M) 16 N) 18 0) 20 P) 22 Q) 24 R) 26 S) 28 T) 30 U) 36 V) 40 W) 44 X) 52 Y) 56 Z) 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