Homework Help: managerial economics

Posted by mark on Tuesday, June 16, 2009 at 1:56pm.

Price 1 is 50, price 2 is 38.78.
Quantity 1 is 100, quantity 2 is 169.
solve the price elasticity of demand.
what if our goal is to decrease price by 14%
what if our goal is to raise quantity from 169 to 300 by how much percentage we should decrease price? -2=%Q/P

No one has answered this question yet.

Answer this Question

Related Questions

managerial economics - 4. The equation for a demand curve has been estimated to ...
Economics - We're looking at the market for cat food. When the price is $10...
managerial economics - Exercise 1 The marketing manager has estimated the ...
Managerial Economics - The demand function for a cola-type soft drink in general...
Managerial Economics - Given the demand & supply Function for product 'x...
Managerial Economics - The coefficient of the price of gasoline in the ...
college/microeconomics - Just needing to know if I have done the work correctly ...
Microeconomics: - Just needing to know if I have done the work correctly with ...
economics - I know this might be basic.....but I am still not sure about subject...
Economics - If an increase in price from $1 to $2 per unit leads to an increase ...

For Further Reading

First Name:
School Subject:
Answer: