Suppose that your demand schedule for Rooh-Afza Drink is as follows: PRICE (In Rs.) Quantity Demanded

(Income = Rs.10,000)

Quantity Demanded

(Income = Rs.12,000)

8 40 50

10 32 45

12 24 30

14 16 20

16 8 12

Use midpoint method to calculate your price elasticity of demand as the price of Rooh-

Afza increases from Rs.8 to Rs. 10

a. When your income is Rs. 10,000

b. When your income is Rs. 12,000

b) Calculate your income elasticity of demand

a. If price is Rs. 12

b. If price is Rs. 16

In order to minimize project risk which step comes after the step of identifying risks

You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.