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1. Calculate the demand elasticity
1.calculate the price elasticity of demand when the price was increased from R25 to R40 ? (10)
2.is a price increase the correct
6 answers
asked by
Setumbo
1,060 views
Suppose you decide to produce a product and you discover it has a demand function given by;
Q = 10P^-0.5Y^0.75 (I) calculate the
3 answers
asked by
Andrew
872 views
Suppose you decide to produce a product and you discover it has a demand function given by; Q = 10P^-0.5Y^0.75 (I) calculate the
0 answers
asked by
Rey
510 views
Suppose a demand function is given by Q=10P^-0.5Y^0.75. Calculate the price elasticity of demand and income elasticity of
0 answers
asked by
Pialess
651 views
Using the data under D1 and D2, calculate the cross elasticity of Lorena’s demand for golf at all three prices. (To do this,
1 answer
asked by
Anonymous
2,355 views
d. Use the midpoint method to calculate the price elasticity of demand from $25 to $30. Explain whether demand is price elastic
0 answers
asked by
Fidelis
602 views
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
4 answers
asked by
pebbles
2,128 views
The Own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the
1 answer
asked by
John
742 views
1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information:
P1 = 10 Q1=100 P2
1 answer
asked by
Mishal Almandhour
429 views
Mr. Smith has the following demand equation for a certain product: Q = 30 - 2P.
a. At price of $7, what is point elasticity? b.
1 answer
asked by
sophea
1,210 views