elasticity, Microeconomics

assume you are selling a product and when your price is decreased by 29% your quantity demanded increases by 55%. What is your price elasticity of demand?
Posted Date: 3/28/2013 10:18:18 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

Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili



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

Individual demand curves for two perfectly competitive market TC1=10q1+1/2q1^2+100 = firm 1 TC2=10q2+q2^2+100

Cost Sharing in Higher Education - Student Loans The method is popular as it directly targets only those who are the recipients of the benefits of higher education.The method

what is outputgap?

Ask quesIn your own words describe how a market would adjust in situations of: a) Excess Demand b) Excess Supply c) Equilibrium As a follow up you might think about what effects

Discuss how the opportunity cost principle influence a supplier''s decision to supply labour