Price is the price elasticity of demand equal to zero

Assignment Help Business Economics

Reference no: EM13743915

Suppose the demand for Dell personal computers is:

Q_d= 2400-4P

a. At what price is the price elasticity of demand equal to zero?

b. When the price elasticity of demand is equal to 1, what will be the quantity demanded at this point?

Reference no: EM13743915

Questions Cloud

The long-run and short-run aggregate supply curves reflect : The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis.

Calculate the profit maximizing number of hamburgers : You own a hamburger stand, “Two Guys”. (You don’t have any partner, but “Two Guys” sounds better than “One Guy” or “Just a Guy”.). Your specialty is delicious cheeseburger that you sell for $6.50 a piece. The cost of ingredients for each cheeseburger..

Anxiety and country : This study examined differences in anxiety level between an industrial country and a nonindustrial country. Anxiety is assessed three ways-cognitive, affective, and behavioral-with higher scores indicating higher levels of the anxiety dimensions.

Detailed about energy conversions and trophic levels : When a rabbit eats the lettuce in your garden, all of the energy in the lettuce is used by the rabbit. Is this statement true or false? Defend your answer. Your answer must be detailed about energy conversions and trophic levels

Price is the price elasticity of demand equal to zero : At what price is the price elasticity of demand equal to zero? When the price elasticity of demand is equal to 1, what will be the quantity demanded at this point?

Electronics products are getting smaller : The first is that electronics products are getting smaller and shoppers are increasingly buying music and movies online so not as much space is needed.

Why did economic capitalism arise from urban centers : Why did economic capitalism arise from urban centers? How do knights and castles fit into the major concepts that represent the Middle Ages?

Calculate the mrs or the marginal rate of substitution : Calculate the MRS or the marginal rate of substitution between X and Y. How much X and Y will Sam buy to maximize his utility given his budget constraint and the prices of X and Y?

Electronics products are getting smaller : The first is that electronics products are getting smaller and shoppers are increasingly buying music and movies online so not as much space is needed.

User Account

All Pages