The demand function of a good is Q = 100 – 2p. What is the elasticity at the point p=10 and Q=800?
The demand function of a good is Q = 100 – 2p. What is the elasticity...
The demand curve for a good is Q= 1000-2p squared What is the elasticity at the point p=$10.00 and Q=800? XText Question 1.5 The demand curve for a good is a-1,000-2p What is the elasticity at the point p $10.00 and Q 800? The elasticity of demand is ε-Π (Enter your response rounded to three decimal places and include a minus sign)
A demand function given by: Q = 300 ‒ 2P. What is the price elasticity of demand when the price is P = $30? You will have to use the point elasticity formula. The price elasticity of demand at this price is ___________
Demand is given by Q(p) = 530-2p. What is the price elasticity of demand when p=100? p=200? Please show work
8. Suppose that Grandy has a demand function q = 10 - 2p 1) What is the price elasticity of demand when the price is 3? 2) At what price is the elasticity of demand equal to -1? 3) Suppose that her demand function takes the general form q = a - bp. Write down the price elasticity of demand as a function of p.
15. Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price elasticity of demand equals ОА. – 4. ов. - 1.5. Ос. - 2.5. OD. – 0.67. 16. If the demand curve for comic books is expressed as Q = 10,000/p, then demand has a unitary elasticity O A. always. OB. never. O c. only when p = 100. OD. only when p = 10,000.
1. Given the demand function Q = 500 - 3P - 2P, +0.01Y where and P denote quantity and price of the good, Y is income, and price of an alternative good. is the a) If P=20, PA = 30, and Y= 5000, find (i) the price elasticity of demand (ii) the cross-price elasticity of demand (iii) the income elasticity of demand b) If income rises by 5%, calculate the corresponding percentage change in demand, Is the good inferior or...
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
suppose the demand curve for a product is given by Q=10-2P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00.a)suppose P=$1.00, what is the price elasticity of demand?what is the cross- price elasticity of demand?b)suppose the price of the good, P, increases to $2.00. Now what is the price elasticity of demand, and what is the cross-prices elasticity of demand?
. of ber of registered vehicles. What is the elasticity demand for ethanol? (Hint: See Q&A 3.2.) 1.5 The demand curve for a good is Q = 1,000-2p2 What is the elasticity at the point p 10 and Q 800? C 1.6 Which section of a straight-line demand curve is elastic? *1.7 According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of infor- mation one can send over an Internet connection) increases 10%, commercial customers buy...
xxxxxxxxxx Details xxxxxxxxxxx Demand for dough is Q = 100 - 2p + 1 + 2Y. If the price of dough, p, is $2, and the price of flour is $3, and income, Y, is $1000. What's the income elasticity of Dough?