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)
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?
Consider a monopolist faces a demand described by Q 100-2P and its cost function is C(Q) 20Q 10. What is the decision by the firm to maximize its profit? What is the price the firm will charge? How much profit does the firm make?