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Describe price elasticity of demand

1.calculate the price elasticity of demand when the price was increased from R25 to R40 ? (10)2.is a price increase the correct
1. 6 answers
2. asked by Setumbo
3. 1,004 views
Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly
1. 3 answers
2. asked by Kiki
3. 2,889 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
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2. asked by pebbles
3. 2,063 views
d. Use the midpoint method to calculate the price elasticity of demand from $25 to $30. Explain whether demand is price elastic
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2. asked by Fidelis
3. 575 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. 1 answer
2. asked by John
3. 704 views
Information on the price elasticity of demand is particularly importatn to managerial decision making because:A) the higher the
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2. asked by Kathy
3. 693 views
Please help with this question:A researched estimated that the price elasticity of demand for automobiles in the U.S. is -1.2,
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2. asked by Econo-missed
3. 1,125 views
How does the price range affect the elasticity of demand for a product?Price range has little or no effect on elasticity of
1. 1 answer
2. 29 views
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
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2. asked by Dave
3. 573 views
Suppose a demand function is given by Q=10P^-0.5Y^0.75. Calculate the price elasticity of demand and income elasticity of
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2. asked by Pialess
3. 615 views