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Male Male Female Male Female Male Female Male Male Female Male Female Male Male Male Female Female Male Female Male MaleOver 30 Blue 19 25 Blue 26 - 30 Blue Over 30...

Question

Male Male Female Male Female Male Female Male Male Female Male Female Male Male Male Female Female Male Female Male MaleOver 30 Blue 19 25 Blue 26 - 30 Blue Over 30 Black 18 and under Black 26 30 Blue Over 30 Blue 26 30 Black 19 - 25 Black 18 and under Black Over 30 Black 26 30 Blue 19 25 Blue 26 30 Black 26 - 30 Black 18 and under Gray Over 30 Black 18 and under Blue 26 30 Gray 19 -25 Blue 26 30 BlueSlim Fit Brand Slim Fit Comfort Slim Fit Comfort Relaxed Fit Comfort Slim Fit Quality Straight-l

Male Male Female Male Female Male Female Male Male Female Male Female Male Male Male Female Female Male Female Male Male Over 30 Blue 19 25 Blue 26 - 30 Blue Over 30 Black 18 and under Black 26 30 Blue Over 30 Blue 26 30 Black 19 - 25 Black 18 and under Black Over 30 Black 26 30 Blue 19 25 Blue 26 30 Black 26 - 30 Black 18 and under Gray Over 30 Black 18 and under Blue 26 30 Gray 19 -25 Blue 26 30 Blue Slim Fit Brand Slim Fit Comfort Slim Fit Comfort Relaxed Fit Comfort Slim Fit Quality Straight-leg Fit Style Slim Fit Comfort Slim Fit Comfort Slim Fit Quality Slim Fit Style Straight-leg Fit Comfort Classic Fit Brand Classic Fit Comfort Slim Fit Price Straight-leg Fit Price Slim Fit Comfort Straight-leg Fit Comfort Slim Fit Brand Classic Fit Brand Slim Fit Quality Slim Fit Brand



Answers

For Exercises 25 and 26 Which jeans cost the most?

Hello, everyone. In this video, I'm going to talk about the market for blue jeans in the mid two thousands. So between 2000 and 3 to 2000 and five, the price for blue jeans rose. And that's because the demand for the genes increase due to fashion and being popular popularized by celebrities. However, within three years, by 2000 and eight, the price of blue jeans fell. And why is that? So we're going to talk about this. So let's illustrate the first bullet point that the price of blue jeans rose due due to increased consumer preference. So because the demand increase the dementias rights and the price rose from price one two price, too. I know, I said, I put 200 up here, but it's just like a general prices like of what you would have seen. But we'll just say like in general, the price of blue jeans increased. And now, to illustrate the second bullet point by 2000 and eight, the price of jeans started falling. And so we're going to take this graph, and we went to illustrate a line moving on this graph. But just to make it clear, I'm just going to draw a completely new graph. So this graph is the exact same which is trying another change on top of it. So I'm going to try to replicate as closely as possible. So remember this line is demand to in the price here is priced too. So this craft is the exact same here. I'm just not drawing. Defer the ah, the line demand one. And so the price of blue jeans fell, and this is due to increase in competition. So I'm just gonna write the answer. Oh, sorry about that. Put a lot here and I want to write the answer in this separate it separate area here. So increase due to or the price fell due to increase competition. So remember the prices of blue jeans increase. That means that it is now more profitable to sell jeans. And so because it is more profitable, more sellers are now inclined to use their resources to produce jeans instead of other type of clothing. So this will cause supply. Two increase, and when supply increases, the curve shifts right. Well, let's say it's not as much. Let's say it just shifts a little bit more to write. Hello. This little article is straight but to that, and we'll call this s two and then this new price, you will call it p three. So this is the price After it started following, And to make it easier, I'll label the graph on the right 2000 and eight like onwards now on the craft lab in in 2000 and three to 2000 and five. So, as you can see initially, the demand increase, causing a giant jump in price. But then, as time goes on, sellers realize how profitable it is to start producing jeans. So they also enter the market. That increases competition, which drives prices down into this lower price here in p three.

Ice. This is the word. He probably take a deep breath and tackle it. Okay, so according to the same survey, 40 out of 300 saving would join the germ. But Jim asked. May said only 30% would actually join. So multiply the 40 by 30% which is times, um 0.3 is 30%. And so that would be 12. Which means would be 12 out of the 300 which is 0.4 or 4%. And so the gym can expect 4% of respondents to join. So we multiply this by the total number of residents of B 12,600 residents times 0.4 or 4%. You get 504 residents. That means B is the correct answer by 104.

Were given that the demand for jeans is inversely proportional to the price. We're told that 300,000 of 5 19 genes were sold, and we need to find the number of vintage pair jeans that were sell sold the 5 19 sold for 2 20 bucks. And the flare jeans sell for 300. So we first need to find our equations. So inversely we have Y. Is equal to K. Divided by X. So demand is or why. And the price is going to be our X. So we use the first of information with that deals with the 519 genes. So we have 300,000 Is equal to K. divided by 20. We cross multiply. And this comes out to be six, six million is equal to K. Sorry, equation is six million divided by X. So now we want to figure out the how many of the flare jeans were sold. We take X. And replace it with 300. So we have six million, Divided by 300. It's just six million. Bye bye. 300 leaves us that 20,000 pears a vintage flair were sold.

This is 46 number question, which is later toe the variations. Okay. And, uh, there is a line in this question that demand for the vice agencies in was difficult. Not so the price. So if demand is de, that is investing wasn't too the price. Okay, so if you cross multiply, it will be d in topi equal toe constant. So this can also be written eyes D v d d one d two weaken. Right. But here there are two. Uh, there are two types off Levi's jeans is silver too. Baggy jeans and often regions. So D s d we should, right? Yeah. Our baggage ing's, d B and offender genes. So db in tow, PB equal toe dio into peel. What is this? Okay, so, uh, this means these two are equivalent. These two are equivalent expressions. This is the baggy jeans. Demand for baggage is prize for baggy jeans. This is demand for offender jeans and applies for the offender jeans. No, we have been provided with the baggage in cells. About 30. The price of baggy jeans is yeah, that is BB is about $30. Mhm. Often the genes is $160 price off offender genes. It's approximately $160 and appears of silver packages for about so baggy jeans Waas 400,000 pairs. So demand baggy jeans Waas 400,000 pairs. So what is the demand for 100 genes? So let us just plug in here. We'll be getting DP. That is 40,000. Yeah, off 400,000 in two BB. We have, uh, price that $30 equal to deal, we need to find out. And we know that is 100 genes price. 160. Yeah, so do not will be equal toe. It has divide both sides by 160 in 2. 30. Divide by 160. These two will get canceled out 82 times 85 times. That is 50,000. Yeah, okay. And this is This will be 25,000. 25,000 and 23 75,000. So offended. Jeans number open often. Regions sold. Where? 75,000 pairs. 75,000 piers. Thank you. Uh huh.


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