The price elasticity of demand for personal computers is 1.43 and sales for new pc's surge from 900 to 1170 because of a discount from $1200 to $__. 1199 1190 1000 800

Using the table below calculate the cross-price elasticity of flour with respect torice P1 P2 Q1 Q2Flour $9 $12 40 25Rice $4.45 $6.75 150 125

Question 2. Suppose that the price elasticity of demand for an ice cream cone is -1.9. If the local ice cream shop owner wants to increase total revenue, what would you recommend he or she do?

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

The change in quantity supplied is 60% and the change in price is 40%  Calculate the value of elasticity of supply

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The price elasticity of supply of a good is 0.8. Its price rises by 50% calculate the percentage rise in supply.

In the figure below, what is the point price elasticity of demand when price is $60? 120 P Price ($) 100- 80 60 40 14 20- es Correct! Demand 0 200 400 600 800 1,000 1,200 Quantity O -0.50 -1.60 -2.00 -0.75 -1.00

The percentage change in quantity demanded is 30% and the percentage change in price is 70% Calculate the elasticity of Demand

Price $20 18- 16 14 124 10- 8 100 200 300 400 + 500 600 Quantity Starting at P = $18, if we increase the price by 1%, the total revenue will increase and demand is inelastic at P = $18. Not change, and demand is unit-elastic at P = $18. increase and demand is elastic at P = $18. decrease and demand is inelastic at P = $18. decrease and demand is elastic at P = $18.