Elasticity/draw a linear table/chart

The Rising Cost of Apples The price elasticity of demand is a measure of the responsiveness of demand to a change in price. If demand changes by more than the price has changed, we describe the good as price-elastic. If the demand changes by less than the price has changed we describe it as price-inelastic. The following paragraphs will clarify whether the price increase of apples is elastic, inelastic or unitary. For the last 3 months the local supermarket has been selling apples at $3.00 per pound and this month I see they’ve increased there price to $3.45 per pound. When the apples were $3.00 per pound I purchased 30 pounds a month, now that the price has increased I’m only able to... click for more

4 Economics Questions...

Just answers the 4 questions below using some economic concepts. 1.) give an example that depicts the law of diminishing marginal returns. Please do not use the example for the questions below, use something else. 2.)Please give comment and what you think??? I am going to use labor examples from my old profession. I owned a landscape company before I joined the service. I initially thought that if I could just hire more guys I could get all of my jobs done faster. This wasn't always the case. Dealing with a specific job case and labor productivity as the diminishing product. I was installing sod lawn there were several stacks of sod and an area of yard that needed to be laid. I h... click for more

Need help with last problem/the substitution effect and income effect part I have attached the file

Need Help with substituion effect and income effect part of question 4

Econmic analysis

Briefly consider the ways in which governments might influence the market for new cars?

4 economic questions...

Just answers the 4 questions below using some economic concepts. #1. Choose a real world industry and determine which of the four market structures (perfect competition, monopolistic competition, oligopoly, or monopoly) this industry is most closely related to. Be sure to support your answer by referring to the characteristics that define each market structure. Please do not use the example for the questions below, use something else. #2. Please give comment and what you think??? An example of the 'Monopolistic Competition' market structure would be the cosmetics industry. With cosmetics, there are many different sellers and buyers for this market. Some of the names in this industr... click for more