A few simple economics questions. elasticity.?

Question

Of the following, demand is likely to be the least elastic for .

1. Toyota automobiles

2. compact disc players

3. Ford automobiles

4. toothpicks

toothpicks huh?

http://speedway.its.utexas.edu/speedway-files/college/eco304k/L5Q7.gif

The figure is a linear demand curve. If falls from $6 to $4, .

1. total revenue will decrease

2. total revenue will remain unchanged

3. total revenue will increase

# The demand for Honda Accords is .

2. probably elastic but less elastic than the demand for automobiles

3. probably elastic and more elastic than the demand for automobiles

2 or 3?

The route from Dallas to Mexico City is served by more than one airline. The demand for tickets from American Airlines for that route is probably .

1. inelastic but more elastic than the demand for all tickets for that route

2. elastic but less elastic than the demand for all tickets for that route

3. elastic and more elastic than the demand for all tickets for that ro.

Answer 1

If they are simple, then why not figure them out yourself? There are just too many of you people on here that are just looking to have others do your homework for you. I fear for our future.

Answer 2

4.toothpicks

-

demand for honda accords is 3.

3.

i think...

Answer 3

q1.??

q2. total revenue remains unchanged

q3probably elastic and more elastic than the demand for automobiles

q4elastic and more elastic than the demand for all tickets for that ro.

Answer 4

toothpicks, because there are no direct substitutes, as there are for the rest

at $6, quantity equals 20

6*20=120

at $4, quantity equals 30

4*30=120

total revenue will remain unchanged

probably elastic, but more elastic than the demand for automobiles.  There are direct substitutes for Hondas, but not as direct for automobiles in general.

elastic, but more elastic than the demand for all tickets for that route.  If American's prices are too high, consumers can easily buy from another airline, but if prices in general are too high, they will have to find a different way of getting there, which will likely cost more or take more effort.