User Account

All Pages

Price elasticity of a good

Assignment Help Business Economics
Reference no: EM131414213

Please explain the calculations and how to arrive to the answer. not just the answer, thank you.

1) An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?

Reference no: EM131414213

Questions Cloud

Calculate the present value of larry future : With this data, calculate the Present Value of Larry's future bonus payments at 3% interest, assuming he will achieve his enrollment targets.
Compute the tangency portfolio weights : Draw a mean-standard deviation diagram and plot AOL, Microsoft, and Intel on this diagram as well as the three tangency portfolios found in exercises 5.2 and 5.3.
What is an interaction : What is an interaction? Describe an example; what are the variables within your population (work, social, academic, etc.) for which you might expect interactions
Draw a mean-standard deviation diagram : Draw a mean-standard deviation diagram to illustrate combinations of a risky asset and the risk-free asset.
Price elasticity of a good : An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
Why rhehostat is not used in the field of dc series motor : Why rhehostat is not used in the field of dc series motor
Write a cover letter to a prospective employer : You will submit the second document to be included in your Professional Portfolio: Your personal statement or a cover letter. As you near completion of your undergraduate education, you have probably been reflecting on your personal and profession..
Period of excessive optimism : Suppose the economy enters a period of excessive optimism, in which inflation is rising and credit growth is surging. How do the PS and FS curves shift? How can the Bank of England meet its credit growth target if it controls monetary policy?
Expand suggest alternative approaches to your colleague plan : Expand upon or suggest alternative approaches to your colleague's plan by drawing upon resources and materials from this course. Justify your contributions with an explanation as to why you think your suggestions will improve the plan.

Reviews

Write a Review

Business Economics Questions & Answers

  The voting members of the federal open market committee

The voting members of the Federal Open Market Committee are

  Understanding contemporary international political economy

Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?

  Cost of the owner time to run the plumbing business

Water Works Plumbing Company is a small owner-managed plumbing services company that serves the greater Miami metropolitan area. Identify each of the following costs as either a vari­able, a fixed, or a quasi-fixed cost: Cost of the owner’s time to r..

  Discuss the industrial expansion

Discuss the industrial expansion of the late 19th century identifying the ways it developed within corporate organizations and how workers responded to these changes both outside of and within labor organizations.

  Minimum price necessary for the company to supply

Illustrate what is the minimum price necessary for the company to supply one thousand cups.

  What is the cross price elasticity

What is the cross price elasticity with respect to good x? What does the sign of the coefficient tell  us? Interpret your results.

  Intellectual property and pharmaceutical drugs

In “Intellectual Property and Pharmaceutical  Drugs: An Ethical Analysis,” Richard T. De George lays out what he comes to  call the “Status Quo Approach” as a defence of copyright protection of pharmaceuticals.   Do you find this argument persuasive ..

  What annual level of living expenses will savings support

You are planning to save $1 million for retirement over the next 30 years. If you are earning interest at the rate of 6% and you live 20 years after retirement, what annual level of living expenses will those savings support?

  Classical economics differ from the keynesian position

Discuss the main points of chapter 11-New Classical Economics. How does New Classical Economics (rational expectations) differ from the original Classical Model? How does New Classical Economics differ from the Keynesian position?

  How two players simultaneously guess a number

All this is known to both players. Suppose both players behave according to the level-k thinking model discussed in class. Two players simultaneously guess a number.

  Compute the profit during the one-week period

If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.

  Structure of monopolistic competition

The market for clothes has the structure of monopolistic competition. What impact will fewer firms in the industry have on you as a customer? Address the following issues.

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