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The price of monthly internet service decreased from $20 to $10, and the total quantity of monthly accounts increased from 100,000 to 200,000.

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The price of monthly internet service decreased from $20 to $10, and the total quantity of monthly accounts increased from 100,000 to 200,000.

What is the value price elasticity of demand, expressed as a positive number? Round to two decimal points.

Thank you!

 
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Hello. Please explain how to calculate. Price Index in 2015 92 Price Index in 2016 100 Price Index in 2017 112 Price Index in 2018 123 Price Index in.

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Hello. Please explain how to calculate.

Price Index in 2015

92

Price Index in 2016

100

Price Index in 2017

112

Price Index in 2018

123

Price Index in 2019

152

A basket of goods cost $2,418.00 in 2016

Calculate the cost of the same basket in 2015?

Calculate the cost of the same basket in 2019?

Thank you!

 
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Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128. Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal​ place.)

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Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128.

Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal​ place.)

 
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During the course of ayear, the labor force consists of the same 946 people. Of these, 24 lack skills that employers desire and hence remain…

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During the course of a​year, the labor force consists of the same 946 people. Of ​these, 24 lack skills that employers desire and hence remain unemployed throughout the year. At the same​time, every month during the year, 40 different people become ​unemployed, and 40 other different people who were unemployed find jobs. There is no cyclical unemployment.

Enter all answers as a percentage rounded to two decimal places.

a)   Calculate the frictional unemployment rate:____%

b)   Calculate the unemployment rate:____

c)    Suppose that a system of unemployment compensation is established. Each month, 40 new people​(not including the 24 lacking required ​skills) continue to become​unemployed, but each monthly group of newly unemployed now takes two months to find a job. Calculate the frictional unemployment rate after this change. ____%

d)   After the change discussed in part (c), calculate the unemployment rate ____%

 
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