6. At a specific company, the demand equation for water bottles is given by p = 400 – 4q².

What is the nature of elasticity?

The elasticity of demand is  greater than 1. What does that mean??

If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?

When the price of a good is lowered from £350 to £200 the quantity demanded increasesfrom 600 to 750 units. Calculate elasticity of demand over this section of its demandschedule.

The subway fare in your town has just been increased from 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 60 percent. What is the price elasticity of demand for subway rides?

If the quantity demanded of textbooks decreases by 40% when the price of a textbook rises by 100% what is the price elasticity of demand for textbooks? 

Your research estimates the (own) price elasticity of demand for coffee as0.12 in absolute terms. If coffee prices rise by 8% what do you predict willbe the percentage change in quantity of coffee demanded?

Discuss how the demand elasticity of a product changes? Give examples.

Just based on general information you possess, do you think the demand for computers is likely to be elastic or inelastic? The demand for six-packs of Seven-Up?