Suppose the own price elasticity of market demand for   retail gasoline is -0.9, the Rothschild index is 0.6, and atypical gasoline retailer enjoys sales of $1, 200, 000annually. What is the price elasticity of demand for arepresentative gasoline retailer's product? Instruction:Enter your response rounded to two decimal places. Ifentering a negative number, be sure to use thenegative (-) sign.

A sporting goods store has estimated the demand for a popular brand of running shoes as given in the table below. Price per unit Shoe sales (OMR) 60 50 40 30 20 10 per 100 200 300 400 500 600 week Graphically present the table to get a demand curve. If the store charges a price of 50 OMR, then increases this price to 60 OMR, estimate price elasticity of demand. Analyze the total revenue before and after the price change.

Suppose you are the manager of the state transport company and your finance officer has just told you that the company is making losses .To reverse the losses been made by STC,your decide to cut transport service to certain destination but your board of directors do not want you to cut service,which means that you cannot cut costs.Your only hope is to increase revenue. You result the economist on your staff who has researched studies on public transportation elasticity and she reports that the estimated price.Elasticity of demand for the first few month after a price change is about -0.3 but the that after several year ,it will be about-1.5

Pazzo's wants to increase the quantity of pizzas they sell by 5%. If the price elasticity of demand for Pazzo's pizza is Ep = -0.5, then they must % ΔΩ % AP ED=  Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

If Carmen's Coffee Company wants to increase total revenue and the price elasticity of demand is 0.43, the company should A) increase the price of its coffee. B) decrease the price of its coffee. c)keep the price constant since a price increase or decrease will cause total revenue to fall. d)advertise since this is the only option that will increase total revenue. urgent i will 5 upvotes.

3. Which is NOT advantage of participating in strategic alliances? Gain access to a specific resource. Economies of scale. А. В. Risk and cost sharing. Gain access to a foreign market. Ingrease organizational flexibility С. D. E. Which of the following is not one of the four factors identified in the textbook as critical in selecting a form of business ownership? 4. A. the number and types of investors involved В. accounting considerations C. tax considerations D. the cost of setting up and maintaining the legal form the extent to which personal assets can be shielded from the liabilities of the E. business

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A company produces a special new type of TV. The company has fixed costs of $477,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 Tvs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $953,000? it would need to charge $_____.

John Stain estimates that the demand curve for his PaneMaster insulated windows is given by Currently, John is charging $150 per window, including installation. John is considering a sale. Find the price elasticity of demand for PaneMaster Windows and comment on the advisability of a sale. a) n = -0.67 so the consequences of a sale cannot be determined b) n = -0.67, so a sale would increase profits c) n = -6.00, so the consequences of a sale cannot be determined d) n = -6.00, so a sale would increase profits Q 350- 2P

Supply is said to be inelastic when the quantity supplied changes*  more than the change in its price.  less than the change in it price. 2  equal to the change in its price.  none of the above. Elasticity of supply tends to be greater when*  inputs are specialized.  time period allowed for adjustment is fairly long.  degree of advertising is great.  demand for the product is inelastic The supply curve overtime is more elastic than the supply curve over the short period of time because, given sufficient time*  production techniques become more expensive.  new firms can enter the industry and old firms can increase their plant size.  producers become more competitive.  consumers become more demanding.