Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Microeconomics
Elasticity
What is price elasticity?
1 answer
http://en.wikipedia.org/wiki/Price_elasticity
You can
ask a new question
or
answer this question
.
Similar Questions
1.calculate the price elasticity of demand when the price was increased from R25 to R40 ? (10)
2.is a price increase the correct
Top answer:
All of them
Read more.
If you are given this function: P=1000-40Q where P=price and Q=sales.....
How do you get the price elasticity of demand at a
Top answer:
To calculate the price elasticity of demand at a specific price, such as $500, you need to use the
Read more.
The Own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the
Top answer:
Price elastic
Read more.
d. Use the midpoint method to calculate the price elasticity of demand from $25 to $30. Explain whether demand is price elastic
Top answer:
To calculate the price elasticity of demand using the midpoint method, we need the following
Read more.
Is price increase the correct decision to raise revenue?substainate ur answer using price elasticity of demand and income
Top answer:
You may wish to read your text materials to understand these concepts. You can find more here:
Read more.
I know this might be basic.....but I am still not sure about subject of elasticity? How do I know the effect, if no price or
Top answer:
To determine the effect of changes in price or income on the quantity of autos demanded, you can use
Read more.
I am to do research on an industry and answer the question is price elasticity of demand considered elastic or inelastic? Are
Top answer:
When conducting research on an industry and gathering information related to price elasticity of
Read more.
Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly
Top answer:
The price elasticity of demand for color TVs is estimated to be -2.5. If the price of color TVs is
Read more.
Information on the price elasticity of demand is particularly importatn to managerial decision making because:
A) the higher the
Top answer:
not postive but I think it's a
Read more.
4. The equation for a demand curve has been estimated to be Q = 100 – 10P + 0.5Y where Q is quantity, P is price, and Y is
Top answer:
A. Q=100-10*7 +0.5*50 Q= 100-70+25 Q= 55
Read more.
Related Questions
Suppose the income elasticity of demand for a food is 0,5 and the price elasticity of demand is -1,0. Suppose also that Felicia
17. The current price for a good is $20, and 100 units are demanded at that price. The price elasticity of demand for the good
Given the function q=D(x)=k/x^n
where k is a positive constant and n is an integer greater than 0. (a) How would you find the
Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.
Elasticity of Supply
3. Given market demand Qd = 50 - P, and market supply P = Qs + 5
A) Find the market equilibrium price and quantity? B) What would
Suppose that over one range of prices, the absolute value of the price elasticity of demand varies from 15.0 to 2.5, and
Please help with this question:
A researched estimated that the price elasticity of demand for automobiles in the U.S. is -1.2,
Explain the relationship between product X, product Y and product Z or the properties of each according to the following
The demand equation for a product is:
q=60/p + ln(65-p^3) A) Determine the point of elasticity of demand when p=4, and classify
Suppose a manager is interested in implementing third-degree price discrimination. The manager knows that the price elasticity