What is the price elasticity of supply

Assignment Help Business Economics
Reference no: EM133077465

1. Bagani is selling oranges at 25.00 dollars for the 5,000 units available for sale. She then increased her price to 35.00 dollars and had 8,000 units available for sale. What is the price elasticity of supply?

2. Given the demand schedule below, what is the elasticity of demand for good x?

Price: 180 Quantity Demanded: 42

Price: 225 Quantity Demanded: 36

3. What is the elasticity of demand for good y?

Price: 635 Quantity Demanded: 80

Price: 350 Quantity Demanded: 100

Reference no: EM133077465

Questions Cloud

Introduce france based on the countries population : Introduce france based on the countries' population, major economic activities and demographics including religion, race and languages.
Write a job description and job advertisement : Develop a schedule for recruitment activities - write a job description and job advertisement, that reflects role requirements, organisational needs
What is the sharpe ratio for the fund and the benchmark : The following data is reported for a fund and an appropriate benchmark as well as the risk-free rate each year: What is the Sharpe ratio for the fund
Find the fixed yearly payment to pay off the loan : Using the formula for calculating the present value of an annuity of n periods, find the fixed yearly payment to pay off the loan in 30 years.
What is the price elasticity of supply : She then increased her price to 35.00 dollars and had 8,000 units available for sale. What is the price elasticity of supply?
Making decisions on product development : Arnold's responsibilities include making decisions on product development, marketing and other significant business directions.
What was the company CFFA : For 2019, a company's depreciation expense was $1,200,000, cash flow from operations was $10,000,000, What was the company CFFA
Business Law And Ethics : Compare and contrast the rights and obligations of Racer and Owner under the contract as of July 1.
What will be the initial price for each bond : Now assume that both bonds promise interest at 10.0 percent, compounded semiannually. What will be the initial price for each bond

Reviews

Write a Review

Business Economics Questions & Answers

  Non-transactions deposits

The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.

  Solar panel installation

A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy

  An oligopoly market consists

An oligopoly market consists of:

  Promote production of domestic cotton

When countries such as the U.S. promote production of domestic cotton, developing countries that produce cotton are hurt. Why?

  Importance of business communication in economic development

The importance of business communication in the economic development of Bangladesh

  What is the aggregate demand for fire engines

If there are 1000 individuals in the community, what is the aggregate demand for fire engines?

  Budget constraint knowledge-derive demand curve for apples

Suppose the initial price of apples is $1 per lb. and the price of orange is $2 per lb. A typical consumer has income $10 and spends all his income on the two goods. The consumer buys 4 lbs of apples at the initial price levels. Later the price of ap..

  Properties about peoples preferences

Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?

  Lowest share she would accept to manage the firm

Clare manages a piano store. Her utility function is given by Utility = w − 100 where w is the total of all moentary payments to her and 100 represents the cost to her of the effort of running the sotre. What would be the lowest share she would accep..

  Market conducting the same practice of non-price competition

Do you think these firms would welcome congressional legislation which restricted the amount that any one firm could spend on advertising to $1 million yearly, and thereby allowed them all to drastically reduce their costs without fear of losing grou..

  What is the difference between an llc and an llp corporation

This has come up in multiple accounting classes and now my finance class, and i still don't know what is the difference between an LLC and an LLP corporation?

  What will happen to the equilibrium price and quantity

Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?

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