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.
PST (8:30 p.m. EST/01:30 UTC) and this year, the rights of telecasting the Oscars 2015 in United States have been given to ABC network which will cover the whole event starting from the red carpet to the end of the ceremony. 1  Best/Worst Dressed Oscars 2015 Celebrities Pictures.