Elasticity, Econometrics

Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?
Posted Date: 10/11/2012 9:57:36 PM | Location : United States







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

Write discussion on Elasticity
Your posts are moderated
Related Questions

Question 1: a)  Explain what is a VAR giving an example both in the form of an equation and matrix. Discuss its benefits and limitations. b)  How can we estimate a VAR invol

Why use auxiliary regression? What are the benefits of using it?

The textbook states, “Prejudice by itself did not create American slavery.” Examine the forces and events that led to slavery in North America, and the role that racial prejudice p

In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai

Hello I am a PostGrad student. Need some help in the coursework

prove that summation k =0 and summation kxi=1

Your firm will produce widgets for the next 10 years (starting at t=1). Annual revenue from selling widgets is $20,000. Production requires an initial outlay (at t=0) for machin

I have a few econometric that require the use of R to generate the answer

A firm has the following inverse demand function:       where Q  is Quantity and P  is Price   (a) Find the firm's marginal revenue function. (b) Find the level of out