If the absolute value of elasticity of demand for chocolate is 0.64 then the demand for chocolate is considered: a. elastic b. inelastic c. unit elastic d. yummy elastic

When price of taddy is 10 dollars then it demand is 100 taddy. When price of taddy is 12 dollars then it demand is 140 taddy. Calculate the elasticity of demand.

2. Suppose you have an elasticity of - 2 and the CMg of $ 15.45 per unit. Determine the pricing. CMg (marginal cost)

Microeconomics

Price of beef increases by 12% and the quantity of beef demanded falls by 10%. Calculate the elasticity. Is it elastic or inelastic?

Which of the following statement is correct about the price elasticity of car and the price elasticity of ice creama. The price elasticity of car is lower than the price elasticity of ice cream.b. The price elasticity of car is greater than the price elasticity of ice cream. c. There is not any relation between the price elasticity of car and the price elasticity of ice cream.d. All answers are wrong

Due to 5 percent fall in the price of food, it's demand rises by 12 percent. Find the price elasticity of demand and say demand is elastic or inelastic.

joon 000 E 2. Determine the elasticity when the price of a product is lowered from $50 to $43 while the quantity demanded increases from 15 to 16. State whether demand is elastic, unit elastic, or inelastic. our work

the % change in price of spaghetti between prices of $18 and $20 is 10.53. the elasticity of demand between the prices of $18 and $20 is -1.69. So, what is the % change in the quantity of spaghetti when the price changes from $18 to $20?

The price elasticity of demand for Craig's chocolate chip cookies is 1.5. Craig wants to increase his total revenue. Would you recommend that Craig raise or lower his price of chocolate chip cookies? Craig should the price of his chocolate chip cookies because the demand for chocolate chip cookies is A. lower; elastic B. lower; unit elastic C. raise; elastic D. raise; inelastic E. lower; inelastic