Suppose price elasticity of demand for HP laptops is -2.3. If the price of an HP laptop is $1,000, what should the new price be to have an increase of 10% in quantity demanded for HP laptops?

Posted Date: 2/17/2013 1:08:56 AM | Location : United States

Ask an Expert

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

Write discussion on Elasticity
Your posts are moderated

Write your message here..

Related Questions

Discuss about the keynesian economists, Discuss about the Keynesian economi... Discuss about the Keynesian economists The Keynesian economist A. W. Phillips developed short-run Phillips curve analysis in the 1950s. Phillips had researched the relationshi

Short-run after the increase in government purchases, Assume the marginal p... Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion. 1. Potentially, how much will real GDP increase in the short-run after the inc

Average cost curve, A firm with a U-shaped average cost curve finds that it... A firm with a U-shaped average cost curve finds that its revenues exceed its costs when it sets price equal to marginal cost. On which part of its average cost curve is the firm op

State major fiscal objective of chancellor george osborne, Major fiscal obj... Major fiscal objective of Chancellor George Osborne The major fiscal objective of Chancellor George Osborne when coming to office in May 2010 was to remove the UK's structural

Utility function that is consistent, Suppose that midterm grades determine ... Suppose that midterm grades determine your nal course grade putting the Midterm 1 grade on the horizontal axis and the Midterm 2 grade on the vertical axis, draw indifference curve

Trading nation is impacted, In a ___________ exchange rate system each trad... In a ___________ exchange rate system each trading nation is impacted directly by the supply and demand for their currency. A) Fixed B) Dirty C) Floating D) Clean

Towards a national accounting system, TOWARDS A NATIONAL ACCOUNTING SYSTEM ... TOWARDS A NATIONAL ACCOUNTING SYSTEM  A real life modern economy is a very complex structure consisting of millions of units engaged in a variety of economic transactions. Ther

Credit multiplier, what is credit multiplir and how does it work what is credit multiplir and how does it work

Describe in short about money in economics, Describe in short about Money ... Describe in short about Money "Money" in economics is actually not as simple to understand as you may think and many use the term money in a way inconsistent with how it's defi

Lagrangian of the consumer, This problem substitutes financial health with ... This problem substitutes financial health with housing in a 2 period consumption savings model. The representative consumer has the utility function u(c1, c2) = lnc1 + lnc2 with ea