Tuesday
September 2, 2014

Homework Help: Economics

Posted by Yellow Bird on Wednesday, October 25, 2006 at 11:12pm.

Muliple Choice:
Pizza prices rose from $2 to $3 and quantity demanded dropped from 100 to 75 pizzas. Using the traditional method what is the price elasticity of demand:
2.0
-2.0
-0.5
none of the above


Elasticity is (%change in Q)/(%change in P). You have all the information you need.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - I know this might be basic.....but I am still not sure about subject...
Economics - 1. Illustrate the following using demand and supply graphs. a) The ...
university-health economics - Given the following demand function for medical ...
home economics - Suppose that 200 gallons of gasoline are demanded at a ...
economics - Assume that demand for product A can be expressed as QA = 500 ĘC 5PA...
Managerial Economics - This is some HW for a Managerial Econ class. I've got ...
economics - 1. Suppose that as the price of Y falls from $3.00 to $1.00 the ...
economics - Movie attendance dropped 8 percent as tick prices rose a little more...
HELP i dont get it - The producer of X is contemplating a price change and has ...
economics - Identify three goods each for which your demand is (a) elastic or (b...

Search
Members