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What does 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. 1,038 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. 633 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. 2,106 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. 723 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.
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2. asked by sophea
3. 1,197 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. 2,920 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
1. 2 answers
2. asked by Miranda
3. 1,381 views
I need assistance with the following question:A researcher estimated that the price elasticity of demand for automobiles in the
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2. asked by Talia
3. 887 views
Briefly explain the types of elasticity of demand? What is the relevance of cross elasticity of demand?
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2. asked by Rajesh
3. 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
1. 3 answers
2. asked by Andrew
3. 860 views