Home / Questions / Price and Quantity Effects Price ; Quantity Demanded $200 ; 1000 $150 ; 1400 $100 ; 1800 If price fa
Price and Quantity Effects
Price ; Quantity
Demanded
$200 ; 1000
$150 ; 1400
$100 ; 1800
If price falls from $200 to $150, what is the elasticity of
demand over this range?
A -0625
B -10
C -117
D -25
E -30
As output increases from 1,000 to 1,400 what is marginal
revenue?
A $25
B $50
C -$400
D -$25
E -$75
If price falls from $200 to $150,
A Arrows representing the price and quantity effects both
point down
B An arrow representing the price effect points down and is
longer than an arrow for the quantity effect
C An arrow representing the price effect points down and is
shorter than an arrow for the quantity effect
D Arrows representing the price and quantity effects both point
up
E Total revenue moves in the same direction as the arrow
representing the price effect
If price falls from $150 to $100, what is the elasticity of
demand over this range?
A -0625
B -10
C -117
D -25
E -30
As output rises from 1,400 to 1,800, what is marginal
revenue?
A $25
B $50
C -$400
D -$50
E -$75
If price falls from $200 to $150,
A Arrows representing the price and quantity effects both
point down
B An arrow representing the price effect points down and is
longer than an arrow for the quantity effect
C An arrow representing the quantity effect points up and
is shorter than an arrow for the price effect
D Arrows representing the price and quantity effects both
point up
E Total revenue moves in the same direction as the arrow
representing the quantity effect
If price falls from $150 to $100,
A Arrows representing the price and quantity effects both
point down
B An arrow representing the price effect points down and is
shorter than an arrow for the quantity effect
C Total revenue moves in the same direction as the arrow
representing the price effect
D The arrow representing the price effect points down and
the arrow representing the quantity effect points up
E Both c and d
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