demand, Microeconomics

#questASSIGNMENT #1
The demand function for Product X is given by:
Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A
Where:
Px
Price of good X
$120.00
Py
Price of related good y
$100.00
Pz
Price of related good z
$40.00
I
Income
$7000.00
A
Advertising
$250.00
a. (i) Calculate the own Price elasticity of demand (PED) for Good X.ion..
Posted Date: 11/9/2012 8:19:50 AM | Location : Trinidad and Tobago







Related Discussions:- demand, Assignment Help, Ask Question on demand, Get Answer, Expert's Help, demand Discussions

Write discussion on demand
Your posts are moderated
Related Questions
Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru

How would you convert from moles of iron(III) oxide to moles of carbon monoxide?

What is the theory of second best

Shifts in Supply and Demand When supply and demand vary at the same time, the impact on the equilibrium price and quantity is known by: 1. The shape of the supply and dema


The demand for every productive resources is a derived demand.  By derived demand it is meant that it is the output of the resource and not the resource itself for which is a deman

If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q

Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity


Development: Economic development is the process through that a country's economy expands and improves in both qualitative and quantitative terms. Economic development requires co