What is price elasticity of demand for this? bank accounts

Assignment Help Microeconomics
Reference no: EM133531512

Question: Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In? response, the demand for their bank accounts decreases from 10000 to 5000 . What is price elasticity of demand for this? bank's accounts?

Reference no: EM133531512

Questions Cloud

What about case management are you still curious about : discuss how the assignments in this course, and especially the assignments on interviewing and writing the care plan, will help you in your human services
What should brads recommendation be : If Liz is looking to maximize revenue, what should Brads recommendation be
Reflecting on what they learned from the assignment : Reflecting on what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life
Why you believe your identified leadership style : Why you believe your identified leadership style(s) will be effective for successfully leading teachers. The day-to-day leadership practices or behaviors
What is price elasticity of demand for this? bank accounts : In? response, the demand for their bank accounts decreases from 10000 to 5000 . What is price elasticity of demand for this? bank's accounts
How have other educational theorists incorporated concepts : How have other educational theorists incorporated concepts from Kierkegaard? Consider how Jean Piaget, Howard Hardner, Alfie Kohn, and others may have done so.
How does descartes account forthe obvious fact that states : how does Descartes account forthe obvious fact that states of one can produces effects in the other (the mind can affect thebody, as when I choose to lift my
What is the overall sunk cost associated with this toyota : Currently used cars are in high demand, so you can still resell this Camry today for $10,000. What is the overall sunk cost associated with this Toyota Camry
How many hdmi cables will cicily purchase : Suppose that Cicily's inverse demand curve for HDMI cables is given by P = 80 - Q. How many HDMI cables will Cicily purchase?

Reviews

Write a Review

Microeconomics Questions & Answers

  Functional mis system

FUNCTIONAL MIS SYSTEM

  What economic theory states and predicts about the issue

Discuss the model or economic theory that relates to the issue presented in the news article. Discuss what economic theory states and predicts about the issue presented in the news article.

  What are the implications for the equilibrium profit

What are the implications for the equilibrium profit? What are the implications for the equilibrium output level of a firm?

  Describe a proportional tax using examples

Which of the following example(s) describe a proportional tax? Social Security tax rate of 6.2% on earned income below $117,000 and 0% on income earned.

  Explain why the government might be at ensuring safety

Many economists would argue that private companies are likely to be more efficient than the government at operating airlines. Yet many economists would also argue that there is a valid reason for government to regulate the safety of those same air..

  Review problem regarding high-polluting cars on the road

On average, old cars pollute more than newer cars. Therefore, every few years, a politician proposes a cash for clunkers program.

  Draw a price-consumptioncurve when the price of x changes

A consumer’s utility function is U(x, y) = 2xy2 . The price of x is Px, theprice of y is Py, and the consumer’s income is I. (x and y do not have to be integers.)a) Derive the equation of the consumer’s demand curve for x.b) With y on the vertical ax..

  Economies of scale and efficiency

Economic factors - gross domestic product, inflation, interest rates, unemployment and what type of presentation do you have in mind, Lester? Elasticity of demand and economies of scale and efficiency

  Find out how many new clients should visit law office for

don masters and two of his colleagues are considering opening a law office in a large metropolitan area that would make

  What impact will have on effectiveness of fiscal policy

Explain with the use of a graph why the shape of the money demand curve makes a difference in terms of the effectiveness of monetary policy.

  Whose expectations apply here and why

A product is "unreasonably dangerous" when it is dangerous beyond expectations of the ordinary consumer. Whose expectations apply here? Why?

  How subsidy would achieve socially efficient level of output

If the government wanted to encourage a monopoly to produce the socially efficient quantity, should it use a per-unit tax or a per-unit subsidy. Explain how this tax or subsidy would achieve the socially efficient level of output. Among the variou..

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