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Does a demand curve always have a positive slope?
Demand curves almost always have negative slopes. The Y value being price and the X value being quantity. The higher the price, the more negative the slope. There are very rare conditions where a demand curve could have a positive slope, but its not normally used in business classes.
The price elasticity of demand is the ratio of the?
Change in the demand for a goods and the change in its price. The ratio is negative but the negative sign is usually dropped.
Kyle has been keeping his eye on a sound system that costs x dollars. The system goes on sale for 15 off the regular price. Which expression can Kyle use to find the sale price?
Regular price - 15 = sale price
The price of a computer system is 1000 Next week the price will increase by 15 percent How much money will you save by purchasing the computer system before the price increase?
15% of 1,000 = .15 x 1,000 = 150Thus, you will save 150.
What is the percent of the decrease in price from 14.44 to 13.72?
Answer:4.99%Solution:We can use the equation of % growth rate:(Current value/Previous Value - 1) * 100%=( 13.72/14.44 - 1) * 100%= -4.99 %the negative sign indicate that there is decrease in price, i.e.the % decrease of the price = 4.99%
Negative effects of a hybrid car?
the price is the only negative that I know of.
What is the purchase price of 225.78 with no negative numbers?
It is 225.78: there are no negative numbers involved there. 200 + 20 + 5 + 0.7 + 0.08 All positive!
What type of relationship positive or negative would you expect between the price of music videos and the sales of music videos?
positive
What are 10 ways negative numbers are used?
1. Temperature below zero 2. Earning money is positive, owing it is negative 3. Fractions can be represented as negative exponents. 4. To take dollars off a price, i.e. a discount. 5. When talking about how much a price has gone up or gone down. We use negatives for down 6. Gaining weight is positive, loosing it is negative. 7. Profit is positive, loss of income is negative. 8. Amount of refund when you return something. 9. The height of a mountain is positive, the height of a valley is negative. 10. Coupons can be used for negative number. A 5 dollar off coupon if the price plus negative five dollars.
What do positive and negative cross elasticity indicate?
the demand for good A and the demand for good B are both price elastic
What is pigovian tax?
Pigovian taxes are aimed at correcting the effects of a negative externality. Such taxes can reduce negative externalities at a lower cost than regulations because the tax places a price on a negative externality.
What is a Pigovian tax?
Pigovian taxes are aimed at correcting the effects of a negative externality. Such taxes can reduce negative externalities at a lower cost than regulations because the tax places a price on a negative externality.
How does supply shock affect equilibrium price and quantity?
Because supply shock is a sudden change of a good. Meaning if it is a negative shock, the equilibrium price and quantity of course will go down. And if it is a positive shock, vice versa of negative.
Does a demand curve always have a positive slope?
Demand curves almost always have negative slopes. The Y value being price and the X value being quantity. The higher the price, the more negative the slope. There are very rare conditions where a demand curve could have a positive slope, but its not normally used in business classes.
How does meth affect the nervous system in a positive way?
You only think that methamphetamine affects the nervous system in a positive way because you get high when you use it, but you will pay a terrible price for your entertainment.
Is An increase in the price of cigarettes will reduce the amount of cigarettes purchased a negative positive or normative economic statement?
it is a nomative economic statement
Is calculated percentage usually positive?
It is very hard to generalize. Some things do have a historical trend. Population statistics frequently show a positive trend, hence the calculated percentages are typically positive. The downturn in the world economy recentlyproduced a lot of calculated negative percentages. You may find thousands of negative percentages if you follow the stock market. There is a tendency for convenience and clarity, to state percentages as "20% lower" or "20% off" instead of saying the "price today = stated price - 20% of the stated price."
