instead of a decrease and it was an increase instead of a decrease; would that mean that the demand would increase and will result in a increase in demand for electric guitars?

The demand curve for cameras is Q=400-2P where P is the price of a camera and Q is the number of cameras sold per week. Answer the following questions.A. If the vendor has been selling 120 cameras per week, how much revenue has she been collecting?B. What is the price elasticity of demand for cameras?C. Does the law of demand hold?D. If the vendor wants to generate more revenue, should she raise or lower the price of cameras?

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.

According to what you've learned about the price elasticity of demand, do you think that education in community colleges has an elastic or inelastic demand? Why? Explain your answer

If price elasticity of supply of a good = 1.45 , how do you interpret this? If price elasticity of supply of a good = 0.45 , how do you interpret this? If price elasticity of supply of a good = 1.00 , how do you interpret this?

What might you infer about the price elasticity of demand for diesel fuel in the short run? In the long run?

What would cause an increase in quantity demanded?

Can you explain the difference between an elastic and inelastic product?

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?

If the elasticity coefficient is less than 1, what do we know about demand?