![subject](/tpl/images/cats/ekonomika.png)
Business, 16.10.2020 14:01 vinniemccray70
The owner of Christie’ Bookstore is looking into the sales of its Health & Fitness magazine section. She finds that her equilibrium is at 1000 magazines per month sold at an average price of $4.25 per magazine. When the average price of these Health & Fitness magazines rose to $4.95 each, the quantity demanded fell to 900 magazines per month, while the quantity supplied to her increased to 1250 a month.
a. Draw an appropriate diagram for Christie’s original Health & Fitness magazine market.
b. Calculate the price elasticity of demand for the Health & Fitness magazines between prices $4.25 and $4.95. Is it elastic or inelastic? How do you know?
c. Calculate the price elasticity of supply for the Health & Fitness magazines between prices $4.25 and $4.95. Is it elastic or inelastic? How do you know based on your answer?
d. Explain what factors would affect the elasticity of demand for Health &Fitness magazines.
e. Christie also notices that when the average price of the Health & Fitness magazines rose from $4.25 to $4.95, the quantity of nutritious snack bars sold at the checkout register fell by 12%. Calculate the cross elasticity of demand between the two goods. Based on your answer, are they substitutes or complements?
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 16:30, crystalclear99
Aland development company purchases several acres of land adjacent to a wildlife reserve. it plans to build a new community, complete with shops and schools. green sands, a local environmental group, complains that the company's proposed building methods will disrupt the area's ecological balance. the company wants to respect the local ecology but also wants to build its development. the company decides to schedule a meeting with green sands's representatives to make choices about the property that are agreeable to both sides. which strategy would be most effective in this situation?
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:00, shey89
Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:30, kraigstlistt
Each row in a database is a set of unique information called a(n) table. record. object. field.
Answers: 3
You know the right answer?
The owner of Christie’ Bookstore is looking into the sales of its Health & Fitness magazine sect...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 09.12.2020 20:00
![Konu](/tpl/images/cats/biologiya.png)
Biology, 09.12.2020 20:00
![Konu](/tpl/images/cats/es.png)
Spanish, 09.12.2020 20:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 09.12.2020 20:00
![Konu](/tpl/images/cats/istoriya.png)
History, 09.12.2020 20:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/en.png)
English, 09.12.2020 20:00
![Konu](/tpl/images/cats/istoriya.png)
History, 09.12.2020 20:00
![Konu](/tpl/images/cats/mat.png)