Price elasticity of demand, Managerial Economics

Price Elasticity of Demand

Is the responsiveness of the quantity demanded to changes in price; its co-efficient is

Ped   =  Proportionate change in quantity demanded

                   Proportionate change in price

 

Posted Date: 11/27/2012 6:23:08 AM | Location : United States







Related Discussions:- Price elasticity of demand, Assignment Help, Ask Question on Price elasticity of demand, Get Answer, Expert's Help, Price elasticity of demand Discussions

Write discussion on Price elasticity of demand
Your posts are moderated
Related Questions
Define Aunifying and omniscient theme Aunifying and omniscient theme found in managerial economics is the attempt to achieve optimal results from business decisions whereas tak

Movements along the supply curve Movements along the supply curve are brought about by changes in the price of the commodity. When price increases from P1 to P2, quant

Autonomous Expenditure Also called Exogenous expenditure, is any expenditure that is taken as a constant or unaffected by any economic variables within our theory.  For instan

Question: a. What are the basic attributes in designing a good tax system? b. Explain briefly how tax systems affect economic efficiency. c. The trade unionists advocat

Give some examples for marginal and incremental principle

explian williomson model of managerial discretion

In 2006, a hospital with 130 beds had 8,795 admissions. The average length of stay?for every patient was 4.7 days. Assuming full capacity is 100 percent, detremine the occupancy ra

excise tax and its impact on manufacturing industry with respect to demand and supply curves

Open Market Operations The Central Bank holds government securities.  It can sell some of these, or buy more, on the open market, buying or selling through a stock exchange or

Importance of Income Elasticity If a country is experiencing economic growth, the income of the people will increase.  However, for those engaged in the production of goods wi