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commodity 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
6 answers
asked by
Setumbo
997 views
Suppose that the price of a commodity is 5birr and the quantity demanded at the price 100 unit of the commodity fall to 4birr
1 answer
asked by
Reath pal
53 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
2,881 views
The elasticity of demand with respect to price for a commodity is constant and is equal to 2. Find the total revenue function,
0 answers
asked by
loise
469 views
I need help with price of demand.
Question 3. A certain commodity satisfies the demand equation relating price, p, and quantity
0 answers
asked by
Help pleass
454 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
2,056 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
570 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
693 views
If the quantity demanded of a commodity remain unchanged as its price changes, the price elasticity of demand is what:
1. Greater
1 answer
asked by
Raven
70 views
Information on the price elasticity of demand is particularly importatn to managerial decision making because:
A) the higher the
1 answer
asked by
Kathy
690 views