ECON 201 Microeconomics Theory and Applications with Calculus Supply and Demand 2

Walden University

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ECON 201 Microeconomics Theory and Applications with Calculus Supply and Demand-2 ( LATEST UPDATE )

ECON 201 Microeconomics Theory and Applications with Calculus Supply and Demand-2 ( LATEST UPDATE )
Exam (elaborations) • 59 pages • 2021

ECON 201 Microeconomics Theory and Applications with Calculus Supply and Demand-2 Microeconomics: Theory and Applications with Calculus Supply and Demand 2.1 Demand 1) Suppose the demand for Digital Video Recorders (DVRs) is given by Q=250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does demand for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) d...