57 582
Assignments Done
Successfully Done
In February 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Economics of Enterprise Question for puva

Question #44497
suppose the market for frozen orange juice is in equilibrium at a price of RM 1.00 per can and quantity of 4200 cans per month. now suppose that at a price of rm 1.50 per can,quantity demanded falls to 3000 cans per month and quantity supplied increases to 4500 cans per month

a) draw the appropriate diagram for this market.
b)calculate the price elasticity of demand for frozen orange juice between the price of RM1.00 and RM1.50 .is the demand elasticity elastic or inelastic.
c) calculate the elasticity of supply for frozen orange juice between price of RM 1.00 and RM1.50. is supply elasticity or inelastic.
d)explain in general what factors would affect the elasticity of demand for and supply of juice.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question