Find the price elasticity of demand

Assignment Help Business Management
Reference no: EM131668652

A demand function is given by the equation Q = 112 - 3P.

Suppose the price is P = 13.

At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Round your answer to the nearest tenth.

Reference no: EM131668652

Questions Cloud

What strategy would you advise fumed lungs ltd to follow : ECO5000 Assignment - Short Answer Questions. What strategy would you advise Fumed Lungs Ltd to follow? Draw a game table to describe this game
Have the number of victims of racial profiling increased : Do you believe that the establishment of terrorism as a crime that can be committed domestically has changed policing? How? Why? Provide examples.
Determining the amount of scientific knowledge : Using specific examples from the drama, explain why no amount of scientific knowledge would suffice to guide the character's actions, and then
Compute the mse for the four-weekmoving average forecasts : Compute four-week and five-week moving averages for the time series. Compute the MSE for the four-week and five-week moving average forecasts.
Find the price elasticity of demand : At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Round your answer to the nearest tenth.
Find the price elasticity of demand : USE THE POINT SLOPE METHOD to find this elasticity. Hint: You'll have to find the quantity at this price as well. Round your answer to the nearest tenth.
How victims are viewed by perpetrators of date rape : List Uniform Crime Reporting (UCR) and the National Crime Victimization Survey (NCVS) reported crime statistics relating to rape .
Give a definition of victimology : Give a definition of victimology.What is the history of victimology, and how has it developed?
Conduct a search for literature related to issue : Identify an issue in nursing practice in this field. Conduct a search for literature related to this issue, and provide a brief overview of the evidence

Reviews

Write a Review

Business Management Questions & Answers

  How are these techniques used in application audits

What is transaction tagging? What is snapshot? How are these techniques used in application audits?

  Factors determining the country productivity

Write a 500 college level-word report recommending an off-shore country and support your choice with the following data:

  Knowing to executives routinely interact

As an employee, would you appreciate knowing your supervisor regularly spent time with workers? How would knowing to executives routinely interact? With line employees affect your attitudes toward the organization?

  What is the origins of the scandal of volkswagen

1.What is the origins of the scandal of Volkswagen?2. Each Kind of standards US use to control the quality of Volkswagen vehicles?3.  Provide a brief overview on the standards used by US in the control of the quality of cars from the Volkswagen Compa..

  Price elasticity of demand for a good or service

Provide examples on how the availability of close substitutes affects price elasticity of demand for a good or service. Give specific examples of necessities or luxuries, and explain how they affect price elasticity of goods or services.

  Expect of the international trade

What would you expect of the international trade and who would produce what, if neither India nor Japan has an initial advantage of lower price?

  Write method to enhance upon communication

Share the example of communication which you have seen or received which you thought was excellent and describe why this piece of communication spoke to you and point out one or two main points.

  Problem regarding the risk reduction project topic

For this unit you will write a statement of the problem regarding the risk reduction project topic you chose in Unit I.

  Calculating total cost of renting or purchasing software

Use excel to calculate the total cost of renting or purchasing this software over a 3 year period. Identify the lowest-price alternative that meets Dirt Bike's requirements.

  Make material flow and timing plan for sports obemeyer

Make material flow and timing plan for sports obemeyer. Find production amount and production times of 10 different SKU's before season considering the products producing in China.

  Mergers and acquisitions for consumers

Question: Have you ever consider how good mergers and acquisitions are for consumers? Do they benefits us or harm us?

  How will the given course change or impact your life

Where are we going? How will this course change or impact your life as you seek to live in a complex world of comparative politics? Focus your answer on just one of the following issues we discussed.

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!

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