User Account

All Pages

Determine if the good is elastic or inelastic

Assignment Help Business Management
Reference no: EM131227541

Solve for price elasticity of demand for the following goods and then determine if the good is elastic or inelastic. Show your work

a) If the price of sweaters increases by 10%, the quantity demand decreases by 13.5%.

b) The original price of yoga pants was $25.00 and 1000 pairs were sold. The price than increased to $30 and the number of pairs sold decreased to 800. Use the midpoint formula.

Reference no: EM131227541

Questions Cloud

Create an inventory of the company existing social media : Determine the type of social media platform that received the most activity both from the audience and within the company. Next, determine the type of social media that has the most positive influence regarding the company's market strategy. Provi..
What happens to u.s. imports of british goods : Draw the demand and supply curves for pounds, and determine the equilibrium exchange rate (dollars per pound).
Solve for the demand for good in terms : Solve for the marginal utility of consuming food, that is @U(Dc;Df)/(Df/Dc)a/(1-a). Show your work. Using the fact that MRS=-Pc=Pf and that PcDc+PfDf=I, solve for the demand for each good in terms of the prices and income.
Explain why the stock price of a firm rises : Stock Repurchases: - Explain why the stock price of a firm may rise when the firm announces that it is repurchasing its shares.
Determine if the good is elastic or inelastic : Solve for price elasticity of demand for the following goods and then determine if the good is elastic or inelastic. Show your work. a) If the price of sweaters increases by 10%, the quantity demand decreases by 13.5%.
Discuss the concept of asymmetric information : Discuss the concept of asymmetric information. Explain why it may motivate firms to repurchase some of their stock.
Explain why it has been appreciating or depreciating : Try tracking a particular foreign currency over the course of several weeks. Has the dollar been appreciating or depreciating relative to that currency? Try to explain why it has been appreciating or depreciating
Differences in the available products : Compare a $100,000 median family income in 1980 to the same income in 1990, 2000, and 2010. What are the differences in the available products? What are the differences in the quality of those products? Considering this, in which of those years wo..
What is the meaning of an initial return for an ipo : What is the meaning of an initial return for an IPO? Were initial returns of Internet IPOs in the late 1990s higher or lower than normal? Why?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd