Compute the point price elasticity of demand, economics, Microeconomics

Suppose that the price of schooling is $20 per year of schooling and it suddenly rises to $40. Compute the point price elasticity of demand at the initial price level and at the final price level.
Posted Date: 2/7/2012 2:26:18 AM | Location : United States







Related Discussions:- Compute the point price elasticity of demand, economics, Assignment Help, Ask Question on Compute the point price elasticity of demand, economics, Get Answer, Expert's Help, Compute the point price elasticity of demand, economics Discussions

Write discussion on Compute the point price elasticity of demand, economics
Your posts are moderated
Related Questions

What are the steps of the basic analytical framework in Modern Economics? Framework is very significant to master this fundamental analytical framework, particularly, these fiv

Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this informat

Ask question #Minimu2. Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appra

Ask qdescribe average and marginal revenue under imperfect competitionuestion

Question : (a) Using a simple example, diffrence between inter - industry trade and intra - industry trade? (b) Illustrate the reasons for the existence of external economie

Elimination of waste - Stock Management Here is a definition of the elimination of waste: Anything other than the minimum amount of equipment, material, parts and working t

Contribution of bonds in n economy.

The total demand consists of: 1. New owner demand and 2.A replacement demand The replacement demand tends to grow with the in the total stock with the consumers. Once a pe

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of