What is the elesticity of demand for soda

Assignment Help Business Economics
Reference no: EM13735392

Suppose the monthly demand for soda by a consumer is given by Q=10 - 8P . A/ If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month? B/ what is the elesticity of demand for soda?

Reference no: EM13735392

Questions Cloud

Agreement and disagreement among economists : Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate:
What is opportunity cost of cheese in france : What is opportunity cost of cheese in France at 2 kilograms to Germany 1 kilogram? Which country France or Germany has comparative advantage in cars at France .25 and Germany .50 output per hours worked? And cheese France 2 kilograms, Germany 1 kilog..
Smoking cigarettes is a leading cause of many diseases : Smoking cigarettes is a leading cause of many diseases. The government has opened several public clinics that treat smoking-related diseases and is trying to decide how to fund these clinics. 2.2. Another suggestion is to get the funds for the public..
Why was alexander considerd great in anccient times : Why was Alexander considerd "great" in anccient times?
What is the elesticity of demand for soda : Suppose the monthly demand for soda by a consumer is given by Q=10 - 8P . A/ If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month? B/ what is the elesticity of demand for soda?
What is the equation of his budget line : Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
Purpose of the occupational safety and health administration : describe the purpose of the Occupational Safety and Health Administration (OSHA). In addition, discuss the difficulties involved with bringing an OSHA case up for criminal charges. This assignment, as with all written assignments, should follow AP..
Why they need to hedge foreign exchange : Why they need to hedge foreign exchange, What sort of foreign exchange instruments you would recommend, Whether they have to be aware of any government regulations that would affect earnings and cash flow
Briefly summarize characteristics of a well-rounded person : Briefly summarize the main characteristics of a well-rounded person, "l'uomo universal," referring to specific sections within the excerpt from The Courtier which identifies these characteristics.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what would you recommend that the firm

Illustrate what would you recommend that the firm do given this resource combination.

  Illustrate what happen when workers renegotiate their wages

how will the quantity of aggregate output supplied respond to the fall in prices. Illustrate what will happen when firms and workers renegotiate their wages.

  What is amount of china foreign reserves by end of yr

What is amount of China's foreign reserves by end of 2004. What problem is China facing as it continues to build huge foreign reserves.

  Elucidate how many popsicles will be sold

Consider the elasticity of supply. In the short run, a elucidate how many popsicles will be sold each day in the short run if the price rises.

  Demand and supply curves

A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.

  Q1 if the price elasticity of demand for razors is 032 the

q1. if the price elasticity of demand for razors is 0.32 the demand for razors is what?q2. analyze how the different

  Explain how to solve the problem on excel

Construct a choice table for interest rates from 0% to 100%. If the MARR is 10%, which alternative should be selected? Can you please explain how to solve the problem on excel

  Illustrate what is the demand function for good x

Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.

  Describe nominal gdp and real gdp in year four

Describe nominal GDP and real GDP in year four using the following information: in year one, the base year, 10 computers sold at $2000 each, and 15 televisions sold at $500 each.

  Explain how many sets will it have to sell at price obtaine

If company wants to earn a mark-up of 50 percent on its variable costs, explain how many sets will it have to sell at price obtained in part b.

  You are a manager in a perfectly competitive market the

you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10

  Illustrate what is the euro-denominated return on dutch

Illustrate what is the euro-denominated return on Dutch deposits for this investor. What is the (riskless) euro-denominated return on British deposits for this investor using forward cover.

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