Letâs assume that the demand for a given product can be represented by the equation, price = 100 - .5(quantity). If the current price is 10 dollars and the quantity demanded is 180, then a two dollar increase in the price reduces the quantity demanded by four units.
| AP. It's finally time for Hollywood's big night. The 2013 Oscars begin tonight at 8:30 p.m. Eastern Time (5:30 p.m. Pacific Time) at the Dolby Theatre in Los Angeles, California. It's the 85th annual Academy Awards and you can watch live on ABC. The show itself will be preceded by Red Carpet arrivals, beginning at 7 p.m. ET.
The year is 2015, and that Oscar host is Neil Patrick Harris, but it might as well be February 2009, when the 2008 Oscars were hosted by Hugh Jackman. Harris and Jackman's hosting profiles are eerily similar, a fact both men played up when Harris hosted the Tonys in 2011.