### Calculate the elasticity of demand

Assignment Help Other Subject
##### Reference no: EM13266555

1 Consider the data below.

P          0          10        20        30        40        50        60        70        80        90

Qd       45        40        35        30        25        20        15        10        5          0

Graph the data.

b-c. Calculate the elasticity of demand for each item below. BE CERTAIN to interpret/explain what your answer means.

b. price decreased from \$80 to \$70.  (10 pts.)

c. price increased from \$10 to \$20 (10 pts.)

d. calculate total revenue at every price.

#### Questions Cloud

 Search and seizure : Discuss how current laws regarding search and seizure have the potential to violate the Fourth Amendment. In your response, provide specific examples of how this violation may occur Progressive health care facility interested : Assume you are the office manager in a small but progressive health care facility interested in providing information and services to its clients via its own website. Nothing appeares in preview when plotting : Anyone here can help me with autocad? Nothing appeares in preview when plotting? Create and analyze a self-designed fictitious study : Create and Analyze a Self-designed Fictitious Study for Aspirin sales and cardiovascular event prevention Calculate the elasticity of demand : Calculate the elasticity of demand for each item below. BE CERTAIN to interpret/explain what your answer means. A client with kidney failure needs dialysis : A client with kidney failure needs dialysis, which is passing her blood against a solution of much larger volume, and allowing diffusion. Jane has 5 L of blood and 1% nitrogen toxins in her blood to diffuse out. How many liters of dialysis fluid must.. Calculate the firm total-debt-to-assets ratio : Calculate the firm’s total-debt-to-assets ratio. Assume that the firm’s prior year-end total liabilties balance was \$2.4 million and the firm's prior year-end total assets balance was \$5 million. What are the waves frequency : A standing wave on a 75.0cm long string has three antinodes. The Wavelength is .50m. If the string has linear mass density 3.78×10?5kg/m and tension 10.5N , what are the wave's frequency Explain what is the mole fraction of ammonia in the solution : An aqueous solution is 5.50 % by mass ammonia, NH3, and has a density of 0.975 g/mL. What is the mole fraction of ammonia in the solution?

### Write a Review

#### Frequent episodes of extreme depression

Mr. Andrews suffers from frequent episodes of extreme depression. When a friend suggests that he might be helped by drug therapy, Mr. Andrews responds, “Drugs are just a crutch for people who lack self-discipline and who want to hide from their probl..

#### Culture play in defining intelligence

What is intelligence? What role does culture play in defining intelligence?

#### What significance does a marketing segment

How have households changed over the past 20 years and implications of these changes on the purchase of consumer goods? What significance does a marketing segment have to a company's marketing strategy?

#### Use of psychological assessment

Review the Qualification levels for the use of Psychological Assessment. Compare these qualifications to the professional activities covered in the license or certification

#### Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

#### Fitness and nutritional habits

Explain your fitness and nutritional habits. Also, briefly explain some of the health risk associated with obseity.

#### Summerizing rules in different amendments

Law enforcement officers are tasked with the responsibility of keeping citizens in their community safe from criminal activity. This includes ensuring that the rights of individuals are not violated.

#### A hurricane is blowing on a long quonset hut

A hurricane is blowing on a long "Quonset hut," that is, a long half-cylinder cylindrical cross-section building, 6 m in diameter. If the velocity far Upstream is U infinity = 40 m/s and P infinity = 1.003 X 105 N/ m, P infinity = 1.23 kg/m3 , find t..

#### Manage communications in health care settings-case study

It is extraordinarily difficult to manage communications in health care settings. Few cases offer a better illustration of that difficulty than Jessica Santillon’s. She was a 17- year old girl who died in 2003 after undergoing a heart and lung transp..

#### Explain scientific method and describe the overall manner

Explain the scientific method and describe the overall manner in which you would apply it in your field of study or everyday life.

#### Adolescent development with very little knowledge

Many of us approach adolescent development with very little knowledge of what this age group is experiencing, outside our own experiences during adolescence.

#### The fundamental sources of the goals

The fundamental sources of the goals a state seeks are internal to the state, but the choice of the means it employs to reach those goals is mainly determined by the state's external environment.