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Suppose the elasticity of demand
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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asked by
Pialess
596 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
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Rey
462 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
815 views
Equation: Suppose that the demand of a certain item is x = -0.7 p + 20.
Evaluate the elasticity at E = 8. I'm not sure what steps
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asked by
James
905 views
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
986 views
Suppose the demand curve is given by Q=200-20p. What is the price elasticity at P=$4? is demand elastic or inelastic at this
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asked by
Yvette
702 views
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
1 answer
asked by
suhaimi hishan
1,320 views
Suppose that a monopolist sells to two groups that have constant elasticity demand curves, with elasticity €1 and €2. The
1 answer
asked by
Evaristi Paulo
158 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
2,040 views
Suppose a manager is interested in implementing third-degree price discrimination. The manager knows that the price elasticity
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asked by
Carol
1,301 views