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D) there would be a shortage of widgets

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Q: What would be the situation if the price was moved from p2 to p3?
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How do you calculate inverse price ratio?

MRS = |-p1/p2|


What is the formula for price elasticity of demand?

Ed=% Change in quantity demanded/% Change in price=(Q2-Q1)/Q1/(P2-P1)/P1= P1 - Price before change P2 - Price after change Q1 - Quantity before change Q2 - Quantity after change Ed- Price elasticity of demand


What is the formulae for elasticity of demands?

Ed=% Change in quantity demanded/% Change in price=(Q2-Q1)/Q1/(P2-P1)/P1= P1 - Price before change P2 - Price after change Q1 - Quantity before change Q2 - Quantity after change Ed- Price elasticity of demand


How do you calculate a price before tax?

Usually the tax is added to the original price, so you can write an equation such as (assuming a 5% tax): p2 = p1 + 0.05 p1 (where p1 is the price before the tax, and p2 is the price after the tax). This can be simplified (applying basic algebra) to: p2 = 1.05 p1 Solving for the original price: p1 = p2 / 1.05 In other words: divide the price after tax by 1.05. If the tax is any other percentage, adjust the factor; for example, for a 7% tax divide by 1.07, for an 8.5% tax divide by 1.085, etc. Note that the factor by which you divide is simply 1 + (tax rate) / 100.


What is the midpoint formula for the elasticity of demand?

Price elasticity demand formula end point formula epd= [q2-q1/q1]/[p2-p1/p1] midpoint formula epd= [q2-q1/(q2+q1)/2] / [p2-p1/(p2+p1)/2]


Which of the following physical status modifiers would be used to code a patient with a mild systemic disease?

Physical status modifier P2 would be used to code a patient with a mild systemic disease.


How do you caluculate the GCD of two prime numbers?

Let p1 and p2 be the two prime numbers. Because they are prime, their divisors are div(p1) = {1,p1} and div(p2) = {1,p2}. So GCD(p1,p2) = Greatest Common Divisor of p1 and p2 = p1 if p1 equals p2 1 if p1 is different from p2


Which modifier would be used to code a patient with a mild systemic disease?

p2


What is buffer P2?

The composition of Buffer P2 is:200 mM NaOH1% SDS (w/v)Buffer P2 is the lysis buffer


Can a multiple of a prime number be prime?

No. Let p1 be a prime number. Let p2 be a multiple of p1 such that p2 = p1 * k.  Then the factors of p2 are: 1, p1, k and p2. ==> p2 is not a prime number. Hence, a multiple of a prime number cannot be a prime number.


Why is the budget line negatively sloped?

The budget line is negatively sloped because :- 1. MATHEMATICALLY * Given a budget line p1x1+ p2x2= M * where (x1,x2) is the budget bundle of good 1 and good 2 resp. ( i.e quantity bought of good 1 & 2 respectively) * p1 and p2 are the prevailing prices of good 1 and good 2; * M is the total budget; then, x2 = (M/p2) - (p1/p2)x1 where M/p2 is the intercept along the axis of good 2 and slope is -p1/p2 which is negative and thus there is a negative slope. 2. MEANING The slope of the budget line -(p1/p2) signifies the rate by which the consumer is ready to substitute good 1 for good 2. Consider a situation with a budget bundle (x1,x2) such that x1>x2.There would always be a point where the consumer would decline substituting good 1 for good 2 because he/she has more of good 1 and less of good 2 thus the rate of substituting declines giving a negative slope. Example:- A young guy likes to keep a collection of high end sports cars. He plans to buy 5 Bentley Azures and 2 Convertible Corvettes (notice the price difference between the two). In such a situation, it is very obvious for the person not to compromise on Corvettes for an extra Bentley. Note:- This phenomena can also be explained via Indifference Curves


How much does a P2 cost?

A P2 costs $9.00 per user/month.