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## All the Perl that's Practical to Extract and Report

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• #### Salary(Score:1)

I wish there were at least a range as that would be a big "if" in my deciding to move to even beautiful Oregon.
• #### Re:Salary(Score:2)

Apply! If they offer you a salary that doesn't meet your expectations, you can always refuse (of course, it pays to remember that Portland is cheaper than many major cities.)

• #### cross-price elasticity of demand ;-)(Score:1)

by zatoichi (4897) on 2004.08.26 13:10 (#33734) Journal
The coffee market is represented by the following demand and supply conditions:

Qd = a - bP
Qs = c + dP + H + T
Qd = Qs
Where H is an exogenous variable that represents the current harvest conditions, while T is an exogenous variable that represents the level of taxation on producers. P and Q are the price and quantity of coffee, while b represents the price elasticity of demand for coffee and d represents the price elasticity of supply for coffee.

The reduced form equations (solving for P and Q) determine the equilibrium price and output level.

P = (a - c - H - T) / (d + b)
Qd = a - b ((a - c - H - T) / (d + b))

The tea market is represented by the following demand and supply conditions:

Qdt = e - fPt + gP
Qstt = x + jPt
Qdt = Qst
Where Pt is the price of tea, P is the price of coffee, f is the price elasticity of demand for tea, j is the price elasticity of supply for tea, and g is the cross price elasticity of demand for tea with respect to the price of coffee. The positive sign before gP implies that the two goods are substitutes.

The reduced form equations (solving for P and Q) determine the equilibrium price and output level for tea.

Pt = (e + gP - x) / (j + f)
Qdt = x + j((e + gP - x) / (j + f))

The above can be used to calculate the cross-price elasticity of demand between coffee and tea.

It was in the required skills section of the listing. :-)