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
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur

Selecting Output in Short Run * We will combine production and cost analysis with demand to determine output and profitability. A Competitive Firm Making Positive Profit

what is the basis of marginal utility

Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of

Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q

Explain about the duality between direct and indirect utility. Duality between Direct and Indirect Utility: While seen how one can recover an indirect utility function by ob

NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe


measures to control business cycle

Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre