subject
Business, 08.02.2021 19:10 DatBoiCedd

There are two related markets in this case: The Activity holidays and The Beach Holidays. For the Activity Holidays (a): Demand: QDa = 7200 - 4Pa + 3Pb
Supply : QSa = βˆ’ 1200 + 12Pa
For the Beach Holidays (b):
Demand: QDb = 1800 βˆ’ 3Pb + 1/3Pa
Supply: QSb = βˆ’ 400 + 3Pb
According to those two demand functions, what is the relationship between those two goods and why?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.
Answers: 2
question
Business, 21.06.2019 21:00
Which of the following is not a personality trait? sincerity word processing punctuality laziness
Answers: 1
question
Business, 21.06.2019 21:00
Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods
Answers: 3
question
Business, 23.06.2019 00:00
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
You know the right answer?
There are two related markets in this case: The Activity holidays and The Beach Holidays. For the Ac...
Questions
question
Mathematics, 12.04.2020 04:22
question
Mathematics, 12.04.2020 04:22
question
Mathematics, 12.04.2020 04:22
Questions on the website: 13722360