Elasticity of Demand , Microeconomics

Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?
Posted Date: 2/15/2013 1:26:22 PM | Location : United States

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

Write discussion on Elasticity of Demand
Your posts are moderated
Related Questions
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit

A firm has a short-run production function defined by:  Q = -. 02L 2 + 8L What  is  the short  run demand curve  for  labour  (L) in terms of  the market wage  rate  (w), if

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily res

True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver

Determine the profit maximizing price and quantity A firm has segmented its market into the following demand functions: P1 = 500 – 50Q     P2 = 500 – 20Q     with a cost fu

1. State of the art machines at the advanced Yamaha musical instrument plant tune the exact sound of high caliber musical instruments (vs a certain touch, and perhaps a degree of v

chemistry assignments ,  Some normally nonmagnetic substances are attracted by a magnetic field and studies of these "paramagnetic" substances give information about the number of