What is the point price elasticity of demand

Reference no: EM13187849

Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
A. How man units with be demanded between $10, and 20? Between $20 and 30?
B. What is the arc price elasticity of demand $10, and 20? Between $20 and 30?
C. What is the point price elasticity of demand at $10, 20, and 30?
D. Number of units sold 4,250 estimate the average price per unit?

Reference no: EM13187849

Questions Cloud

Current changes in long-term care : Write a research paper on the “Current changes in long-term care.” Conduct an in-depth literature review of scholarly journals for current changes in long-term care. Choose a particular long-term care facility on which you would want to base your res..

Show that monopolists marginal revenue can be upward-sloping : Give a numerical example to show that monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue.

Find new estimates using ten rectangles in each case : Find new estimates using ten rectangles in each case.

Determine how much each winner received. : A group of people share in a $5,000,000 lottery. Before the money is divided, 3 more winning ticket holders are declared. As a result, each person's share is reduced by $375,000. Write and solve an equation to determine how much $ each winner rece..

What is the point price elasticity of demand : Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit. A. How man units with be demanded between $10, and 20 Between $20 and 30 B. What is the arc price elasticity of demand $10, and 20? Between $20 and 30 C. What is th..

Evaluation of the web site : The Web site gives all the information a person could reasonably require about the company before undertaking an e-Commerce transaction.

How long will it take for the two trains to meet : Two trains leave stations 440 miles apart at the same time and travel toward each other. One train travels at 105 miles per hour while the other travels at 95 miles per hour. How long will it take for the two trains to meet?

Ow many times greater is the volume of box 1 than the volume : Bonni has two similar rectangular boxes. The dimensions of box 1 are twice those of box 2. How many times greater is the volume of box 1 than the volume of box 2?

Calculation why did they drop the price : Many states offer drivers an opportunity to customize their license plates for the price of a small premium paid to each state; these plates are known as vanity plates. When vanity plates were originally introduced in Texas they could be acquired ..

User Account

All Pages