What is the formula of a discount?

Q: What demand-oriented pricing approach is being used??

A: A pricing strategy is a deliberate methodology or plan that a business or association creates to set…

Q: Mathematically show the magnitude of the elasticity at points C and B in the offer curve below

A: The formula for Price elasticity of demand:

Q: Define law of demand including a graph.

A: Demand for a commodity can be defined as the desire and willingness of a consumer to acquire a…

Q: Show it.... The State government is considering building a new highway. Linda lives near…

A: Average cost is defined as the total cost per unit of output. When we divide the total cost of…

Q: Explain the two types of demand.

A: # Demand is closely related to the wants and the needs of the consumers in an economy. It is one of…

Q: What is price determinants?

A: Price refer to the amount paid by an individual or firm, industry or organization inorder to buy or…

Q: And then I need to know what happened to the change in equilibruim price when the magnitude of the…

A: A rightward(leftward) shift in a demand curve essentially represents an increase(decrease) in…

Q: explain in a simple way, what is demand?

A: Demand is an economic term that means a consumer's willingness to purchase goods and services and…

Q: Which one is the profit maximizing quantity and which one is the profit maximizing price? And how…

A: Profit = Total Revenue - Total Cost Total Revenue = Price*Quantity Demand Function : Q = 9006 - 158P…

Q: What is elasticity in economics? Briefly explain any two types of elasticity that are common in…

A: Elasticity is the responsiveness that is in simple words the impact of change in one factor on other…

Q: According to the In the News article titled Starbucks Ups the Price of Iced Drinks, Starbucks raised…

A: Caffeine may provide the kickstart your system requires, but it also drains your wallet every time…

Q: what causes an increase in demand?

A: Demand is referred to be as the requirement or desire for a perticular good or service.

Q: What is the impact of market imperfections on the price elasticities of demand?

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: What are the factors that caused the consumer surplus?

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: What is Demand curve?

A: Demand is a concept that refers to the desire of a consumer to buy services and goods and the…

Q: 17. How can the elasticity of demand help in pricing strategy? Explain.

A: Elasticity of demand: - Elasticity of demand measures the responsiveness of change in demand due to…

Q: Mathematically show the magnitude of the elasticity at points C and F in the offer curve below.

A: The formula for Price elasticity of demand:

Q: Explain the DEMAND FOR THREE
OUNCE BOTTLES OF SPRING BREAK SUNTAN LOTION?

A:

Q: Application 1.7, In fall 2006, Pace University in New York raised its annual tuition from $24.750 to…

A: The tuition fee in 2005 was $24,750. Tuition fee in 2006 raises to $29500 Enrollment in 2005 was…

Q: One of the growers is concerned about the price decrease caused by the spell of good weather because…

A: The midpoint method is used to calculate elasticity where the percentage change in price or demand…

Q: What is the relationship betweensupply and demand?

A: In economic theory the law of demand and supply are considered to be one of the fundamental…

Q: What is the law of demand? Write the function and explain it based on consumers' behavior

A: Demand is the quantity amount that a consumer is willing to buy at certain place and time.

Q: In fall 2006, Pace University in New York raised its annual tuition from $25,000 to $29,200.…

A: Price elasticity of demand refers to the percentage change in quantity demanded with reference to…

Q: What is the "Price Elasticity of Demand" and what is its role in Microeconomics?

A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…

Q: What is the difference between Linear and Non-Linear Demand Function?

A: Demand curve: The demand curve is a graphical portrayal of the inverse connection between the…

Q: The owner of a local bakery shop observes that when he increases the price of Italian bread, his…

A: Relationship among price, total revenue, and price elasticity.  If there is an indirect…

Q: Using the thumb's rule, state the determinants of price elasticity of demand.

A: Price elasticity of demand reveals how the quantity demand for the consumption goods changes when…

Q: A new skirt is in fashion these days. What will be the effect of this trend on the demand for the…

A: Demand is a consumer's desire to purchase a good. It depends on various aspects like income of the…

Q: Use the following demand curve for hamburgers: QD = 1,650 – 50PHB +100PHD + 6INC where QD is…

A: The price elasticity is calculated as the percentage change in quantity divided by the percentage…

Q: and Supply curve demmand

A: In economics, the law of demand is an important concept that establishes the functional relation…