Customer Service Chat
Get quote & make Payment
draw demand curve, Economics, Microeconomics
Suppose that the following equation characterizes the demand for primary education in a developing country X:
Q = 100 – 2P
Where Q is quantity demanded in years of schooling and P is the cost of schooling in dollars.
A. Please draw this demand curve.
B. 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.
C. Continuing with the price change in the last question, please compute the arch price elasticity of demand. According to this calculation, is the demand elastic or inelastic?
Posted Date: 2/1/2012 2:18:39 PM | Location : United States
Ask an Expert
draw demand curve, Economics, Assignment Help, Ask Question on draw demand curve, Economics, Get Answer, Expert's Help, draw demand curve, Economics Discussions
Write discussion on draw demand curve, Economics
Your posts are moderated
Write your message here..
Economics, characteristics of microeconomics
characteristics of microeconomics
Introduction, What is micro static analysis?
What is micro static analysis?
Programming and input-output models, Normal 0 false false f...
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
Absolute advantage and comparative advantage, Absolute advantage is the sim...
Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the sa
Joy Land Toys, I need help with a question that has been posted on here alr...
I need help with a question that has been posted on here already.
Production possibilities curves, What are the most important challenges tha...
What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and w
ECON 200, Elasticity help
ENVIRONMENTAL POLLUTION , Environmental pollution may be eloborate as the c...
Environmental pollution may be eloborate as the contamination of the environment, with harmful wastes arising mainly from human activities. All these activities release certain m
Communications - infrastructure, Communications: Noting the importance...
Communications: Noting the importance of improved communications in increasing productivity and welfare, the New Telecom Policy (NTP) was introduced in 1999. NTP 99 was aimed
What is formal economy, Q. What is Formal Economy? Formal Economy:Secto...
Q. What is Formal Economy? Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structu
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.