Answer to Question #32542 in Microeconomics for mimi

Question

If price declines from $450 to $350 and, as a result, quantity demanded increases from 1200 to 1500, price elasticity of demand is
Answer
1.78
89
1.12
3.42.
q2 Following a decrease in price from $1.90 to $1.50, the weekly demand for a magazine increases from 100,000 to 120,000 copies. The price elasticity of demand for magazines in this range is?
Answer 43
77
98
1.23
q3When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for candy bars is?:

Answer 1

Unfortunately, there are too many questions and it requires a lot of work to answer all of them, thus, it cannot be done for free.
Submit your task with all requirements as an assignment to our control panel and we'll assist you.