Business, 09.10.2021 14:00 kayla2945

Consider the following scenario: The price for cable in your neighborhood has risen from $24 to $30 per month, and the quantity demanded decreases from 204,000 to 196,000 subscribers. a. Calculate the percentage change in the price of cable. b. Calculate the percentage change in the quantity demanded by subscribers. c. Based on these calculations, is the demand for cable elastic or inelastic? d. What is the change in revenue for the cable service providers? e. Now explain why the concept of price elasticity of demand is useful. 2. In the final paragraph of your paper, answer the following questions: a. What is the formula for measuring the price elasticity of supply? (See page 98 of your textbook depending in the edition) b. If the price of avocados goes up from $15 a dozen to $20 a dozen, and Garman's Farms supplies 1,200 dozen instead of 1,000 dozen: i. What is the price elasticity for Garman's supply? ii. Is its supply elastic or inelastic? How do you know? 3. USE THE MIDPOINT APPROACH TO COMPLETE THE CALCULATIONS FOR BOTH PROBLEMS AND SHOW ALL CALCULATIONS.

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Answer from: Quest

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

Answer from: Quest

answer: true

step-by-step explanation:

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The narrator uses his imagination to weave an emotional story.

Answer from: Quest

Answeraggregate demand and the short-run aggregate supply fluctuate, but the money wages does not change rapidly enough to keep real gdp at potential gdp;

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Consider the following scenario: The price for cable in your neighborhood has risen from $24 to $30...

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