Calculate the price elasticity of demand at a price

Assignment Help Business Economics

Reference no: EM13152609

ABC Sports, A stor that sells various types of sports clothing and other sports items, is planning to introduce a new design of Arizona Diamondbacks' baseball caps. A consultant has estimated demand curve to be Q = 2,000 - 100P where Q is cap sales and P is price

A.How many caps would ABC sell at $6 each

B. How much would the price have tobe to sell 1800 caps?.

C. Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free?

D. At what price would no caps be sold?

E. Calculate the price elasticity of demand at a price of $6

Reference no: EM13152609

Questions Cloud

Philosophy of education : What is your philosophy of education? how can you have just one philosophy if you believe in defferent types?

Explain model of the enzyme substrate complex : In the first step of the trypsin mechanism, the side-chain oxygen of Ser 195 attacks the carbonyl carbon of the substrate. Use PyMOL and your model of the enzyme substrate complex to determine the distance between these two atoms.

What kinds of techniques would each use : What are three approaches you could take to look at gene interactions within a cell? What kinds of techniques would each use?

What mass of hydrogen in grams was present : if the Hindenburg held 2.0x10^5 m^3 of hydrogen gas at 23 degrees Celcius and 1.0 atm, what mass of hydrogen in grams was present?

Calculate the price elasticity of demand at a price : Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? At what price would no caps be sold? Calculate the price elasticity of demand at a price of $6?

Implications for scientific utilitarianism : What are the implications for a scientific utilitarianism, if these `pleasures" are being created by business? Does it matter?

What does marginal cost look like : Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.

What would the sex of the offspring be : a woman produces an egg where the X chromosme underwent a nondisjunction event in meiosis 1. if this egg is fertilized by a normal sperm with an X chromosome, what would the sex of the offspring be?

Types and functions of financial intermediaries : Explain the role of the Financial System Why do we need financial markets? Why do we need financial intermediaries? What are types and functions of financial intermediaries?

User Account

All Pages