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.
Hugh Jackman to Host the Oscars. And the hosting honor goes to Hugh Jackman. The Australia star, 40, whoâll be hosting the Oscars for the first time, was selected âbecause we want the ceremony to be fun,â says Laurence Mark, producer of the telecast. âHe can hold the screen and he can hold a stage.