Thursday

October 23, 2014

October 23, 2014

Posted by **Anonymous** on Sunday, March 11, 2012 at 10:28am.

a. Interpret the equation.

b. What is price elasticity at P = 7 and arc elasticity at the interval between P = 6 and P=7.

c. What is income elasticity at Y = 50 and arc elasticity at the interval between Y = 50 and P=60.

d. Now assume that income is RM70. What is the price elasticity at P = 8? Also, calculate arc elasticity at the interval between P=7 and P= 8.

- managerial economics -
**MISHELL**, Friday, October 5, 2012 at 10:10pmA. Q=100-10*7 +0.5*50

Q= 100-70+25

Q= 55

**Answer this Question**

**Related Questions**

Managerial Economic - The equation for a demand curve has been estimate to be Q...

managerial economics - Exercise 1 The marketing manager has estimated the ...

Managerial Economics - Given the demand & supply Function for product 'x' at ...

managerial economics - Price 1 is 50, price 2 is 38.78. Quantity 1 is 100, ...

economics - Suppose we have the following market supply and demand schedules for...

Economics - Annual demand and supply for the Entronics company is given by: QD...

economics - Suppose that the demand curve for wheat is Q= 100-10P and the supply...

Economics - Consider the demand curve q = 100-2p. Starting from an initial price...

university-health economics - Given the following demand function for medical ...

math/economics - given Q-80=10P and Q-10P=0 what is the demand and supply curve?