The price elasticity of demand for product A is 0.5, and the percentage change in quantity demanded is 1.2. What is the percentage change in price?

The quantity demanded of a commodity at price 8 per unit is 600 units. Its price falls by 25% and quantity demanded rises by 300 units. Calculate elasticity of demand.

The quantity demanded of a commodity at price 8 per unit is 600 units. Its price falls by 25% and quantity demanded rises by 120 units. Calculate elasticity of demand.

When the price of a good is $6, the quantity demanded is 50 units per month; when the price is $8, the quantity demanded is 30 units per month. Find the arc price elasticity of demand for this good and comment on it.

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

Elasticity of demand is 0.39  If the rise in price is 16%  Find the call in quantity demanded

When the price is 6 the quantity demanded 2 and when the price 5 then quantity demanded 4, the price elasticity of demand would be,

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

The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases the price to $63, what should be the quantity sold? Will revenue increase? Why.

Calculate the elasticity of demand when demand falls by 10% due to rise in price by 4%