calculate price elasticity of demand and supply, Microeconomics

1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6.

i. P= 40 - 0.5Q

ii. Q= -40 + 0.75P

iii. Q - P + 2 = 0

iv. 2P + 0.2Q = 40

v. P = 20 - 2Q

4P + 4Q = 64

 

 

Posted Date: 4/5/2013 6:08:30 AM | Location : United States







Related Discussions:- calculate price elasticity of demand and supply, Assignment Help, Ask Question on calculate price elasticity of demand and supply, Get Answer, Expert's Help, calculate price elasticity of demand and supply Discussions

Write discussion on calculate price elasticity of demand and supply
Your posts are moderated
Related Questions
what is the relevance of microeconomic analysis in contemporary Nigerian economy

what is direct utility in micro economics?

Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other

Is Indian companies running a risk by not giving attention to cost cutting?

Government Budget Deficits Governments have been traditionally spending more what they could earn by way of taxes and sale of economic goods and services produced by them. The

Shifting the PPF Curve To raise the manufacturing of one good without reducing the production of the other, the PPF curve should shift outward. The PPF curve shifts outward as

Low levels of productivity: In addition to low standards of living, developing countries are characterized by relatively low levels of labour productivity. Throughout the dev

Identify path of growth and development to economic maturity.

A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many point