What is the elasticity of demand for clothing

Assignment Help Finance Basics

Reference no: EM133791843

Problem

Joan saw that the dress she wanted that used to be Php1200 is now 10 percent off. According to the seller, his sales have increased by 20 percent since he got the discount. What is the elasticity of demand for clothing? Should the seller be happy or sad about the way his business is going? Why?

Reference no: EM133791843

Questions Cloud

Write the equilibrium constant expression for the reaction : After the equilibrium was established, it was found that 28.0% of the NOCI had dissociated. Write the equilibrium constant expression (Kc) for this reaction.

What is the founders year-six ownership percentage : Suppose the founder wants to have a venture investor inject $20,000,000 in four rounds of $5,000,000. What is the founders' year-six ownership percentage?

What is the formal process for negotiation of payment : A former tenant is disputing an order for payment of repairs. What is the formal process for negotiation of payment for each item of damage?

What industry role does he perform in the capacity : Marks role is to arrange insurance cover for his clients by recommending an appropriate product. What industry role does he perform in this capacity?

What is the elasticity of demand for clothing : What is the elasticity of demand for clothing? Should the seller be happy or sad about the way his business is going? Why?

In what circumstances should the claims department : When dealing with a claim, in what circumstances, if any, should the claims department of an insurer appoint the services of a loss assessor?

What is the elasticity of demand for clothing : What is the elasticity of demand for clothing? Should the seller be happy or sad about the way his business is going? Why?

Calculate the rate of sputtering of al : Calculate the rate of sputtering of Al. How do you expect the deposition rate on the substrate to compare to the rate of sputtering?

Discuss government policy on childcare from the perspective : Explain the meanings of the term welfare state from the perspectives. Discuss government policy on childcare from the perspective of each welfare state model.

User Account

All Pages