Economics Answers

Assume that you are from any one of the following family how can you utilize the limited resources to fulfill your needs

Suppose that business travelers and vacationers

have the following demand for airline tickets

from New York to Boston:

Quantity Demanded Quantity Demanded

Price (business travelers) (vacationers)

$150 2,100 tickets 1,000 tickets

200 2,000 800

250 1,900 600

300 1,800 400

a. As the price of tickets rises from $200 to

$250, what is the price elasticity of demand

for (i) business travelers and (ii) vacationers?

(Use the midpoint method in your

calculations.)

b. Why might vacationers have a different

elasticity from business travelers?

Part 1 of 4 - Statement of changes in equity

Question 1 of 10

2.0 Points

The information below relates to questions 1 – 10

QUESTION 1

Which one of the following alternatives represents the correct total capital contribution: Junior disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 20.4?

•  A. 992 200
•  B. 902 000
•  C. 1 012 200
•  D. 922 000
•  E. 820 000
•  F. 840 000

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Question 2 of 10

2.0 Points

QUESTION 2

Which one of the following alternatives represents the correct total capital contribution: Owami disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 20.4?

•  A. 922 000
•  B. 720 000
•  C. 820 000
•  D. 734 400
•  E. 749 090
•  F. 840 000

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water and electricity expense in arrears at the end of the entity's finacial year is recorded in the finacial statement as

Assume that you are from any of the following family how can you utilise the limited resources to fulfill your needs.

A.family farm

B.petty shopper

C.flower vender