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The elasticity of the 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
6 answers
asked by
Setumbo
1,037 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
632 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
2,097 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
721 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
1,193 views
Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly
3 answers
asked by
Kiki
2,919 views
The demand function for a certain item is x = 35(sqrt(32-p^2))
---Evaluate the elasticity at 5. E(5)= I don't know how to find
2 answers
asked by
Miranda
1,379 views
I need assistance with the following question:
A researcher estimated that the price elasticity of demand for automobiles in the
0 answers
asked by
Talia
887 views
Briefly explain the types of elasticity of demand? What is the relevance of cross elasticity of demand?
1 answer
asked by
Rajesh
96 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
859 views