Ask a New Question
Search
how to calculate price elasticity
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
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
558 views
Show price elasticity of demand for Company XYZ’s product.
Using the following data: Price Quantity 2000 5.00 100 2001 5.25 115
0 answers
asked by
Yellow Bird
441 views
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a
2 answers
asked by
jward1970
988 views
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a
2 answers
asked by
Anonymous
1,258 views
A company decided to increase its supply from 300kg to 350kg per day due to government intervention. The government intervention
3 answers
asked by
Raven
76 views
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets.
2 answers
asked by
steve
3,621 views
Suppose the price of widgets rises from $7 to $9 and consumption of widgets falls from 25 widgets a month to 15 widgets.
0 answers
asked by
Andy
728 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
671 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