(Use midpoint formula) Assume that the price elasticity of demand for JT Chip Co. chips is 4.0 (in absolute value). If the company decreases the price of each bag of chips from $1.89 to $1.49, the number of bags sold will:

What do economists mean when they use the latin expression ceteris paribus?

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.