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.
Television icon Ellen DeGeneres will return to host the Oscars Â® for a second time, producers Craig Zadan and Neil Meron announced today. The Academy Awards Â® will be broadcast live on Oscar Sunday, March 2, 2014, on the ABC Television Network. âWe are thrilled to have Ellen DeGeneres host the Oscars,â said Zadan and Meron.