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Elasticity

elasticity assignment

Subject: 
Economics
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Consumer theory
Elasticity
demand
Cross elasticity of demand
Price elasticity of demand
Income elasticity of demand
Price elasticity of supply
supply

Surname 6 Name Instructor Course Date Elasticity and Inelasticity Question 1 Initial price of business loans (P1) =3% New price of business loans (P2) =5% Initial demand for loans (Q1) =1000 applicants New demand for loans (Q2) =500 applicants Calculating business loans price elasticity of demand (P.ED). in general, ===-0.6667 ===0.5 Therefore, ==-1.3333 Question 2 Initial iPhone 6 price (P1)=$899.99 New iPhone 6 price (P2)= $649.99 Initial quantity demanded (Q1)= 2000000 New quantity demanded (Q2)= 3000000 To calculate iPhone 6?s price of elasticity of demand (P.E.D), the fomula applied in question 1 is used. Therefore, ===0.4 Similarly, ===--0.3226 Therefore, ==-1.2394 Question 3 Initial quantity (Q1)=6 New quantity (Q2)=7 Initial price of gas (P1)= $4.15

Principals of Engineering final exam

Subject: 
Physics
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Tags: 
Mechanical engineering
Physics
Mechanics
kinematics
Machines
Elasticity
Deformation
Mechanical advantage
Gear ratio
Wheel and axle
Yield
Creep

Principles Of Engineering? Final Examination Part A Spring 2007 Student Name: ___________________________________ Date: _____________________ Class Period: _____________ Total Points: ____________/40 Converted Score: ____________/50 Directions: Circle the letter of the response that best answers the question or completes the statement. Then fill in the Part A answer sheet. Reference Tables are available at the end of the document. 1. An engineer begins the process of brainstorming potential solutions to a design problem. One of the requirements of the final product is that it be biodegradable. This restriction would be referred to as a ___________. A. matrix C. constraint B. holdover D. design brief 2.
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