Consider the linear demand curve Q = 360 - 6P What is the price elasticity of...
What is the price elasticity of demand when the demand function
is Q = 200 – P2 – 6P? Is demand elastic or inelastic when P =
5?
2P+6P Answer. E=3 At P=5, E = 80/145, demand is inelastic. 200 - P2 - 6PA
1. Let demand be P(Q) = 6 - 2. What is the price elasticity of demand at Q = 4? a. E = C. b. E= E = -4 d. E= -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P1(Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for the range Q < 10? a. Ps(0=...
Consider a market described by the linear demand curve q = 8 − 2p. (e) Compute the price elasticity of demand at the prices p = 3, p = 2, and p = 1. At which of these prices is demand elastic / inelastic / unit-elastic?
1. Let demand be P(Q) = 6 ---Q. What is the price elasticity of demand at Q = 4? 1 a. E = — 4 1 C. b. E =- 2 E = -4 d. E = -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P (Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for...
1. Let demand be P(Q) = 6-Q. What is the price elasticity of demand at Q = 4? a. E = - b. E= - 2 C. E = -4 d. ε = -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P1(Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for the range Q < 10?...
suppose the demand curve P=75-4*Q. What price elasticity of demand when the price is $25?
Suppose that you believe that the demand curve is a constant
elasticity demand curve:
Q=Ape,
..............................................
Score: 0 of 1 pt 8 of 11 (7 complete) HW Score: 54.55%, 6. Text Question 4.2 EQuestion Help Suppose that you believe that the demand curve is a constant elasticity demand curve: Q Ap where A is a positive constant and e is the constant elasticity of demand. You have some data and want to estimate a constant elasticity demand curve: where A...
2) Elasticity Return to the demand curve from question (1), that is, P = -0.4QD + 120 a) What is the elasticity of demand going from P = 100 to P = 35? b) What is the elasticity of demand going from P = 35 to P = 100? c) Explain the discrepancy in the amounts d) What is one alternative measurement method that addresses the discrepancy? Calculate the elasticity using this method. e) Is demand elastic or inelastic? If...
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Consider a downward-sloping, linear demand curve, and let (Q, P) be a point on this curve such that demand is inelastic at (Q, P). Then, the marginal revenue at Q is positive zero negative
The following questions are based upon the firm demand curve for a food given by: Q = 12-4P+2Px+8INC Where Q is the quantity demanded, P is the price of the good, Px is the price of another good, and INCis income. 1. (1 pt.) If P=10, Px=10 and INC=20, what is the price elasticity of demand, Ep? 2. (1 pt.) At P=10, this firm is pricing on the elastic/inelastic region of its demand curve. 3. (1 pt.) At P=10, the...