RELATED QUESTIONS

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  Greetings the issue that im about to talk about has been bothering me for sometime and i thought it would be best if i can get advice from people.I have strict parents and i think this has affected my social life negatively.The only time i could actually spend time with my friends was at school,and i was at a boarding school in high school.During the holidays my parents would never allow us to go for friends birthday parties,movies and just generally spending time with them as they believed having a social life was not important.we rarely used to have friends over because me and my siblings would always be afraid of bringing our friends home because of the fear of what our parents would say and do.The only time i had friendships that existed was when i was in school,the moment i went home for holidays my friendships were non existant.I am currently in University but im home on holiday and my parents have given me a curfew which is at 18:00 hrs.My parents barely let me have freedom.I now look at my life and ive realised that i barely have any friends.No one calls my phone to ask to do anything with me.My social life especially when im home is non existant.And ive stayed with not having really close friends for a very long time.What advice would you give me as i need to have a social life and friends with whom i can spend time with?
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  1. The demand for personal computers can be characterized by the following point elasticities: price elasticity = 5, cross-price elasticity with software = 4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer. A. A price reduction for personal computers will increase both the number of units demanded and the total revenue of sellers. B. The cross-price elasticity indicates that a 5% reduction in the price of personal computers will cause a 20% increase in software demand. C. Demand for personal computers is price elastic and computers are cyclical normal goods. D. Falling software prices will increase revenues received by sellers of both computers and software. E. A 2% price reduction would be necessary to overcome the effects of a 1% decline in income.
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