Suppose before Corona virus Tamanna Pharmacy in Bashundhara used to sell 50 masks per day at a price of Tk15 per mask. After Corona virus their sell has increase to 200 per day at a price of Tk25 per mask. A. Draw the demand and supply curves of the mask B. If possible, calculate the mid-point demand and supply elasticities of the mask C. Justify your reason if elasticity value calculations are not possible.

Suppose before Corona virus Tamanna Pharmacy in Bashundhara used to sell 50 masks per day at a price of Tk15 per mask. After Corona virus their sell has increase to 200 per day at a price of Tk25 per mask. A. Draw the demand and supply curves of the mask B. If possible, calculate the mid-point demand and supply elasticities of the mask C. Justify your reason if elasticity value calculations are not possible.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter6: Simple Pricing

Section: Chapter Questions

Problem 6.1IP

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