suppose a pharmaceutical company considers increasing the price of insulin tm $125 per vial to $300 per vial. whenthe price was $125, the company sold 100, 000 vials per day. the company knows its price elasticity is .25. calculate thepercentage change in quantity demanded that would result in a price elasticity of .25.

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commod- ity purchased (a) rises, (b) falls, (c) remains unchanged, or (d) any of the above.

The price elasticity of demand for personal computers is estimated to be −2.5. If the price of personal computers declines by 20 percent, Calculate percentage increase in the quantity of computers sold?

Alice loves Pepsi and will spend 10 per week on the product no matter the price. What is her price elasticity of demand?

Describe elasticity effects as it relates to services such as health care,higher education,food/produce and transportation?

a price increase from 25 to 32results in an increase in quantity supplied from 830 units to 940 units the price elasticity of suply in this price range is?

Jeremy's (own) price elasticity of demand is 7.89 in absolute terms. Whenthe price rises from $4 to $13 what do you predict will be his percentagechange in quantity demanded?

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.

You have data on Meena's quantity demanded for craft beer and theirincome. According to this data when Meena's income falls by 7% theassociated change in their quantity demanded for beer is 11%. You don'tknow if it is an increase or decrease in quantity demanded. From pastresearch you know that craft beer is a normal good for Meena. Use thisinformation to calculate Meena's income elasticity of demand.

Discuss price elasticity of demand and how it is calculated.