The following post has two assignments namely;
1. Elasticity of demand
Suppose the price of orange increases from $0.80 to $1.00 a pound and the quantity demanded decreases from 100 pounds to 95 pounds.
a- What is the price elasticity of demand?
b- Is the demand elastic, inelastic or unit elastic?
c- If the price of orange were to decrease by 30 percent, what would be the percentage change in the quantity demanded?
d- According to your estimate, what happened to the orange revenue after the price increase? Explain.
2.Book review “Hiroshima.”
According to the book, why was Hiroshima such an ideal target for American bombing? Discuss the experiences of one of the central characters in this book. b. Explain what you think the author’s
purpose was in telling so many individual anecdotes about life before the bomb. List and describe some of the side effects from radiation sickness. Explain why the medical and rescue efforts had
so little impact on the survivors’ behalf, immediately following the blast.