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If the supply equation is given as Q=-200+10P, the price elasticity of supply between R40 and R50, calculated using the arc elasticity of demand, is?
Arc elasticity of demand is ((Q2 – Q1)/midpoint Q)/((P2 – P1)/midpoint P) Q1=-200+10P = 40, P=24 Q2=-200+10P = 50, P=25 Arc elasticity of demand = ((50-40)/45)/((25-24)/24,5)=5.44
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If the supply equation is given as Qs = -200+10P, the price elasticity of supply between R40 and R50, calculated using the arc elasticity of demand is
If Qs = -200 + 10P, P1 = R40, P2 = R50, Q1 = -200 + 10*40 = 200, Q2 = -200 + 10*50 = 300, then the price elasticity...
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A decrease in price from R50 to R40 causes the quantity demanded to increase from 250p to 3000 units. Using the arc elasticity of demand, the price elasticity of demand is...
If a decrease in price from R50 to R40 causes the quantity demanded to increase from 2500 to 3000 units, then using the arc elasticity of demand, the price elasticity...
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Decrease in price from R50 to R40 causes quantity demands to increase from 2500 to 3000.using sex elasticity of demand ,the price elasticity of demand is
1) PED = (% change in quantity demanded) / (% change in price) = = ((3000-2500)/2500) / ((40-50)/50) = -1
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A decrease in the price of a product from R50,00 to R40,00 causes the quantity demanded to
increase from 2 500 to 3 000 units. Using the arc elasticity of demand, the price elasticity of
E_d^p=((Q2-Q1)/((Q2+Q1)/2))/((P2-P1)/((P2+P1)/2))=((3000-2500)/((3000+2500)/2))/((40-50)/((40+50)/2))=0.18/(-0.22)=-0.82
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If the supply equation is given as
Qs=-200+10P, the price elasticity of supply between
R25 and R35, calculated using the arc elasticity of demand, is …
1. 0.6
2. 1.8
3. 0.53
4. 3.0
4. 3.0 ((-200+350+200-250)/((-400+600)/2)÷(35-25)/((35+25)/2))
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3) How has the size of the price rise been affected by the price elasticity of demand for brazil nuts?
4) What determines the price elasticity of demand for brazil nuts? Explain in detail
How has the size of the price rise been affected by the price elasticity of demand for Brazil nuts?The price elasticity of demand for the Brazilian nuts can be described...
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Suppose the equation of the line changes to P= -5×Q+70. Compute the quantity demanded at each indicated price.
Price: 50, Quantity:
Price: 40, Quantity:
Price: 30, Quantity:
Price: 50, Quantity:50 = -5Q + 705Q = 70 -505Q = 20Q = 4Price: 40, Quantity:40 = -5Q + 705Q = 30Q = 6Price: 30, Quantity:30 = -5Q + 705Q...
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suppose the price of Good is 1 rupee and price elasticity of demand is 0.2, how much will 10% reduction in quantity demanded increase the price? what will be the new price?
Price Elasticity of Demand (Ed) = Percentage Change in Quantity Demanded / Percentage Change in Price(-)0.2 = -10 / Percentage Change in PricePercentage Change in Price = -10 / -0.2...
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Which date is not included in the citation for a website?
1. date of reprint
2.date of access
3.date of publication
Date of access is included in the citation of a website
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