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.
Steve Martin has hosted the Academy Awards (Oscars) three times: 73rd - March 25, 2001 75th - March 23, 2003 82nd - March 7, 2010 (with Alec Baldwin) Three times. He was the sâ¦olo host for the 73rd Academy Awards ceremony ( March 25, 2001) and the 75th (March 23, 2003).