What is demand elasticity

Assignment Help Basic Computer Science
Reference no: EM132323769

Elasticity of t-shirt sales

If I sell 5,000 T-shirts for 8.5 USD each, then increase my selling price to 9.5 usd/ I only sold 4000 shirts. What is my demand elasticity?

If my margin cost is 4$ per shirt, what is my desired markup and what is my initial actual markup? was raising the price profitable?

Reference no: EM132323769

Questions Cloud

Quantity of labor supplied and demanded : What is the impact of a minimum wage above the equilibrium wage on the quantity of labor supplied and demanded? (Practice drawing a supply
What are the components of gnh and gdp : What are the components of GNH and GDP? Which measure,GDP or GNH, is easier to compute?
Evaluate trends in demand and explain their impact : Evaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales.
How will your focus on employee engagement change : Now , imgine your are the CEO of a U.S.- based organization how will the U.S government't dedcision of replacing GDP with affect your organizational strategies?
What is demand elasticity : If I sell 5,000 T-shirts for 8.5 USD each, then increase my selling price to 9.5 usd/ I only sold 4000 shirts. What is my demand elasticity?
Management challenges in a global economy : Using your book please name and discuss three management challenges in a global economy. Explain economic, political-legal, and cultural challenges
After tax deduction saving how much tax in todays dollars : If John has a 28% tax rate and a 10% after-tax rate of return, a $50,000 tax deduction in five years will save how much tax in today's dollars?
Cultures the negotiation process : In a lot of cultures the negotiation process is indirectly followed through third parties.
Price charged for freight transportation : What is the logistics term that signifies the price charged for freight transportation?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Develop a c console application

Develop a C# console application that implements two int arrays. One array will hold 10 randomly generated integer numbers, the second array

  What characteristics are needed

What characteristics are needed? In recent years who have been some of the most influential and profitable entrepreneurs?

  Measures of central tendency

Among the 4 statistics is part a), which are measures of central tendency and which are measures of dispersion?

  Evaluate ethical issues faced by technology companies

Support your paper with a minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

  Should the civil engineers be held accountable for any harm

Yet should not the engineers also be expected to contract with computer specialists who agree to be partially accountable for the end-use effects of their programs?

  Marketing and coordination strategy

Find one new marketing and coordination strategy instituted by a modal carrier within the past 12 months. In your original response posting, report the company's name, URL (Web address) link for the company's Web site, and in 5-7 sentences

  Definition of the spirit of capitalism

What is your personal definition of The Spirit of Capitalism? What religion is most popular in governments with free capitalism?

  Calculate the amount that amy would pay

Amy Koy met Pat Quin on September 8 at Queen Bank. After talking with Pat, Amy decided she would like to consider a $9,000 loan at 10 1/2% to be repaid on February 17 of the next year on exact interest. Calculate the amount that Amy would pay at m..

  Determine the quantity of grout needed for the wall

Determine the quantity of grout needed for the wall in Problem if 16 cubic feet of grout is required per 100 square feet of block.

  Identify work task that you believe you could perform

Read the article titled "Use Microsoft Excel for (Nearly) Everything". Next, identify one personal or work task that you believe you could perform by using Microsoft Excel 2013.

  Accelerate method five times

Next, design a program that creates a Car object and then calls the accelerate method five times. After each call to the accelerate method

  What can be done about these perceptions

How do these perceptions affect the experiences and treatment of overweight people in organizations? What can be done about these perceptions?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd