When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantity demanded falls to 60,000 bars. Calculate the price elasticity of demand using the mid-point method. Instructions: Round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is: -1.25 . b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is: -1.25 .
Answers: 1
Business, 22.06.2019 15:00
(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?
Answers: 2
Business, 22.06.2019 19:50
Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
Business, 23.06.2019 09:40
When providing the square footage of a property for sale, the salesperson should disclose what?
Answers: 3
Business, 23.06.2019 11:30
Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition
Answers: 2
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price...
Mathematics, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Computers and Technology, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Spanish, 06.03.2021 03:40
History, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Biology, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Law, 06.03.2021 03:40
Chemistry, 06.03.2021 03:40
Mathematics, 06.03.2021 03:40
Social Studies, 06.03.2021 03:40