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Price Elasticity of Demand
Page 2
Questions (136)
The quantity of TVs sold is 100 at the unit price $200. Suppose the price elasticity of demand for TVs by the initial value
2 answers
asked by
Josh
1,070 views
Sandy's Sandwich Sitdown
priced its lunch treats at $2.00 , they sold 250 per day . When the price was $3.00 , they
7 answers
asked by
AOL
58 views
Sandy's Sandwich Sitdown priced its lunch treats at $2.00
, they sold 250 per day When the price was $3.00 they sold 200
5 answers
asked anonymously
46 views
The short-run price elasticity of demand for tires is 0.90. The mid-point formula was used for this calculation.
Part 2 If
5 answers
asked by
AOL
38 views
a. What is the price elasticity of demand along the range of the demand curve between a price of $0.80 and quantity of 10 per
3 answers
asked by
AOL
72 views
Very confused on how to figure these out.
Suppose that the following table shows the weekly visits to an amusement park as a
2 answers
asked by
Terri
665 views
A fuel station sell, aproximately, 2140 liters of gasoline, per day, in which each liters costs 1,75 dollars. The owner observed
2 answers
asked by
Vitória
525 views
a new sports store was selling 50 soccer balls for $20 each. recently the store changed the price to $30 each and sold only 30
1 answer
asked by
Jake
348 views
Shep goes to his favorite coffee shop every morning and always buys one large latte, no matter whether there is a special or not
3 answers
asked by
peter
2,278 views
Agree or disagree with this statements and explain:
If the demand for a good has unitary elasticity, or elasticity is -1, it is
1 answer
asked by
Jeff
417 views
Suppose the price of widgets rises from $7 to $9 and consumption of widgets falls from 25 widgets a month to 15 widgets.
1 answer
asked by
Andy
659 views
Consider the demand curve q = 100-2p. Starting from an initial price of 10,
suppose the price increases by 5%. How much will the
1 answer
asked by
Kushal
399 views
Question 7 of 20
5.0 Points Suppose that the elasticity of demand for a product is 0.5 and quantity demanded increases by 20%.
1 answer
asked by
tg
435 views
2. It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a
1 answer
asked by
tania
818 views
Assuming a constant marginal cost, a lower price elasticity of demand would call for a relatively lower mark-up ration.
1 answer
asked by
Manny
331 views
Coca-Cola in dispensers located on a golf course sells for $1.25 a can, and golfers buy 1,000 cans. Assume the course raises the
1 answer
asked by
Linda
393 views
3.Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your
1 answer
asked by
April
434 views
The producer of X is contemplating a price change and has asked for your advice. After some empirical investigation, you
1 answer
asked by
Robert
733 views
8. Calculate the price elasticity demand, given Q1=500 , Q2=1000 , P1=55,P2=50
1 answer
asked by
Anonymous
648 views
1. Suppose that as the price of Y falls from $3.00 to $1.00 the quantity of Y demanded increases from 10 to 18. Compute the
1 answer
asked by
pat
413 views
1. Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero.
a. -5 b. -1
2 answers
asked by
Michelle
543 views
Price
Quantity $50 300 40 600 20 800 10 1,000 According to the above demand schedule, if price falls from $20 to $10, then
1 answer
asked by
Ashaki
400 views
If Starbucks raises its price by 7 percent and McDonald’s experiences a 0.3 percent increase in demand for its coffee, what is
1 answer
asked by
Carlos
606 views
Movie attendance dropped 8 percent as tick prices rose a little more than 5 percent. What is the price elasticity of demand for
1 answer
asked by
Ashaki
484 views
Typically, the quantity of products people are willing to buy will _______ when prices
_______. A. increase; increase C.
1 answer
asked by
April
480 views
3. Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your
2 answers
asked by
Student1
810 views
if the price elasticity of demand for a cup of tea is equal to 3, how would you interpret this result?
1 answer
asked by
Becky
256 views
Upper A
4 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 4 percent. The cross
3 answers
asked by
AOL
41 views
A ski rental store raised
the price of rental skis from $12 to $14 per day. Correspondingly, sales fell from 2 comma 500
3 answers
asked by
AOL
41 views
A firm sells 5
million units of a good when price is $3.00 and 3.5 million units when price is $4.50 . The price elasticity
3 answers
asked by
AOL
53 views
What does the price elasticity of demand measure?
Part 2 A. The amount that the demand curve shifts when there is a change in
3 answers
asked by
AOL
52 views
A movie theater
finds that when it prices tickets at $9 , the theater sells 250 per day . When the price is reduced to
3 answers
asked by
AOL
58 views
You have just started work for a small company, FitCo, that develops private fitness clubs in small towns. FitCo buys or leases
1 answer
asked by
Darl
389 views
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon Your usage of
2 answers
asked by
Michelle
526 views
Information on the price elasticity of demand is particularly importatn to managerial decision making because:
A) the higher the
2 answers
asked by
Kathy
611 views
You are a painter, and the price of a gallon of paint increases from $3.00 a gallon from 3.50 a gallon. your usage of paint
2 answers
asked by
annie
524 views
compute the price elasticity of demand for paint and show calculations? If a gallon of paint went from 3.00 to 3.50 a gallon and
1 answer
asked by
kim
819 views
the price-elasticity of perfume and salt.
1 answer
asked by
raymond
418 views
For each pair of commodities, state which you think is the more price-elastic and gave your reasons: perfume and salt;
2 answers
asked by
Michael M.
884 views
you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. your usage of paint drops
1 answer
asked by
pam
983 views
A band can sell 80 CDs at concert if they sell the Cds for $12 each. For every $1 increase in the price, they will sell 5 fewer
3 answers
asked by
linda
438 views
The producer of X is contemplating a price change and has asked for your advice. After some empirical investigation, you
2 answers
asked by
john
722 views
Calculate the mid-point elasticity of demand. The online bookseller wants to increase its total revenue by offering 10% discount
2 answers
asked by
Hilda
520 views
How do you compute the price elasticity of demand for paint which is $3.00 and it went up .50 more what is the caculations
1 answer
asked by
tracie
406 views
Paint increase from $3.00 a gallon to $3.50 a gallon. The paint drops from 35 gallons a month to 20 gallons a month. Compute the
3 answers
asked by
susie quick
441 views
Consider the market for taxi rides in a particular metropolitan area.
a) Suppose that, when the price per mile increases by 40%,
1 answer
asked by
Kelis
392 views
please show me how to calculate price elasticity of demand of $3.00 increase to $3.50
1 answer
asked by
susie quick
308 views
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a
3 answers
asked by
jward1970
931 views
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
1 answer
asked by
mark
380 views
A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result (of the
4 answers
asked by
Steven Davis
1,251 views
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Parent Categories (23)
Consumer behavior
Demand
Demand Analysis
Demand and Elasticity
Demand and Price
Demand and Pricing
Demand and Pricing Analysis
Demand and Supply
Demand elasticity
Economics
Elasticity of Demand
Labor Market
Managerial Economics
Market Analysis
Microeconomics
Price and Demand
Prices and Demand
Pricing
Pricing and Profit Maximization
Pricing and Quantity
Smoking
Supply and Demand
Teenagers' purchasing behavior