Homework answers / question archive / 1) To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5%, a consumer would need to ________ quantity demanded by ________

1) To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5%, a consumer would need to ________ quantity demanded by ________

Economics

Share With

1) To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5%, a consumer would need to ________ quantity demanded by ________.

Group of answer choices

a. increase; 10%

b. decrease; 5%

c. decrease; 10%

d. increase; 2%

e. increase; 5%

2 

Suppose you run a software company and you want to determine if there is a difference between the 'Debugging Unit' (population 1) and After Sales Services Unit' (population 2) by considering the return on investment for each unit. You have access to information from a random survey which is done for 24 companies for population 1 which reveals that the average return on investment (ROI) for each dollar you invest is 12, while for population2, the survey is performed on 30 companies and the average ROI is found to be .30. You also know from the previously published results that the standard deviation for any ROI in the software industry is .25 What is the value of the test statistic for your research hypothesis? Select one: a. -1.3145 O b. -1.2728 O C.-2.3738 O d. -2.2411 O e. -2.6291