Number of results: 2
commodity Price Elasticity of demand ---------- Potatoes 0.3 If I know there is a fall in the price of potatoes how do i predict the corresponding direction of change in total spending? Total spending on potatoes is P*Q. Elasticity is (%change in Q)/(%change in P). So, if ...
Sunday, September 24, 2006 at 11:29pm by Jon
If the multiplier is 4, a $10 billion increase in autonomous investment will cause a
Friday, November 16, 2012 at 9:36pm by donald