ECON1001 Study Guide - Final Guide: Kentucky Educational Television, Form 10-Q, If And Only If
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Iq mrmc o name i southern fried tofu game2p 100. Kentucky fried tofu 9 p so supply curves n s. 1 i l l q go p 50. Marketp a qm 3p 150 too f it l l. 20ooo hooo zaoooxaooo 40. 5million soooo q ps p 6500. Sumersurplus producersurplus andtotalsurplus forthefollowing a anupwardslopingsupplycurveanddownwardslopingdemandcurve banupwardslopingsupplycurveandaperfectlyelasticdemandaene p n s cs none b b c. Q d adownwardslopingdemandcurveanda perfectlyinelasticsupplycurve p d s p h s b ps c c. Tsebtc a d l e a psi a. 2 31 1 i a. y. i npn. a equalsin a 1 increase in quantity hasa strongerreactiontochangesinprice g u. 4 qd 5pe where eco a whatisthe ed intermsof q. 514 constantelaticityofdemand function considerthetrforthismarkethowdoestpchangewhen een and when es 1. Tr px q 9 g fix x g x d can"tusepowerrule fckxgcx g c x fix. Explaineachofthefollowing a ownpriceelasticityofdemandforpetrolishigherinthelrcomparedtosr moreoptionsforchange in lr comparedtosr buya carhomeetc responseselasticity are.
