Consider airfares on flights between new york and minneapolis. when the airfare is $250, the quantity demanded of tickets is 2,000 per week. when the airfare is $280, the quantity demanded of tickets is 1,700 per week. using the midpoint method, a the price elasticity of demand is about 0.70 and an increase in the airfare will cause airlines' total revenue to decrease. b the price elasticity of demand is about 1.43 and an increase in the airfare will cause airlines' total revenue to increase. c the price elasticity of demand is about 1.43 and an increase in the airfare will cause airlines' total revenue to decrease. d the price elasticity of demand is about 0.70 and an increase in the airfare will cause airlines' total revenue to increase.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?