
 👍 0
 👎 0
posted by Shaun 
 👍 0
 👎 0
posted by science 
 👍 0
 👎 0
posted by emmanuel 
 👍 0
 👎 0
posted by Anonymous 
 👍 0
 👎 0
posted by Confidence 
 👍 0
 👎 0
posted by puleng
Respond to this Question
Similar Questions

economics
Calculate the price elasticity of demand when the price was increased from R25 to R40.
asked by marryann on April 28, 2016 
Economics
The demand function for two commodities A and B in a market are given as follows. QA=962PA3PB, QB=3025PA+0.32Y. Where PA and PB are prices of commodity A and B respectively, and Y is consumers average money income, given PA=#2,
asked by CUPSON on April 28, 2019 
Economics
d. Use the midpoint method to calculate the price elasticity of demand from $25 to $30. Explain whether demand is price elastic or price inelastic and interpret the value of this elasticity. (4 marks)
asked by Fidelis on April 16, 2019 
Business Math
3.) The demand equation for a certain product is q=50040p+p^2 here p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15
asked by pypski on December 15, 2016 
Microecon
If you are given this function: P=100040Q where P=price and Q=sales..... How do you get the price elasticity of demand at a price that is $500? At what price, if any is the price elasticity of demand equal to one?
asked by Dave on January 23, 2008 
Economics 201
Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly demand quantity. I know I have to use the price elasticity of demand formula, but I keep getting the wrong
asked by Kiki on October 28, 2017 
Business Math
3.) The demand equation for a certain product is q=50040p+p^2 where p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15
asked by pypski on December 14, 2016 
Advanced Microeconomics College Level
Information on the price elasticity of demand is particularly importatn to managerial decision making because: A) the higher the price elasticity of demand for a product is, the more profitable it will be to produce more of it. B)
asked by Kathy on July 9, 2011 
economics
suppose the demand curve for a product is given by Q=102P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00. a)suppose P=$1.00, what is the price
asked by arep on April 2, 2012 
microeconomics
For each of the following scenarios, decide whether you agree or disagree and explain your answer. a. If the elasticity of demand for cocaine is −.2 and the Drug Enforcement Administration succeeds in reducing supply
asked by mimi on August 14, 2010