On November 17, 2013, it is reported in wall street journal, that $1.00- 8 Yen.

Question

On November 17, 2013, it is reported in wall street journal, that $1.00- 8 Yen. However on the same day I purchased dollar in yen as $1.00-4yen. We can conclude that the dollar has been a) Depreciated b) Appreciated c) Revaluated d) Undervalued e) Overvalued For a certain goods, when price rises from S80 to $100, quantity demanded falls from 100,000 to75,500. The coefficient of price elasticity of demand here is a) 1.26 b) 0.98 c) 0.796 d) 245.0 Suppose Valerie is consuming lipstick (L) and eye shadow (E) and nothing else. MUL 24 and Mue-20. The price of eye shadow is ss, and the price of lipstick is $4, what should Valerie do? a) Consume more eye shadow and less lipstick b) Consume more lipstick and less eye shadow c) Consume less of both d) Consume more of both e) not change her consumption of either good.

Explanation / Answer

1)

depreciated

the above is answer

2)

elasticity=-((75500-100000)/100000)/((100-80)/80)=0.98

the above is answer

3)

b) option

because lipstick has higher MU per dollar

the above are answers

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.