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.
16th Academy Awards. The 16th Academy Awards, in 1944, was the first Oscar ceremony held at a large public venue, Graumanâs Chinese Theater. Free passes were given out to men and women in uniform. Originating on KFWB, the complete ceremony was internationally broadcast by CBS Radio via shortwave.