Biology, 30.06.2021 01:30, aletadaboss

[10] QUESTION 3
(2)
3.1
(2)
3.2
Name TWO products with an inelastic demand.
What is the significance of price elasticity of demand to a producer?
Distinguish between normal and inferior goods.
(4)
3.3
3.4 Use the scenario below to calculate the Ped (PRICE ELASTICITY OF
DEMAND):
If the price a product increases from R200 to R250 then demand falls from R450
to 300 units. Calculate Ped (PRICE ELASTICITY OF DEMAND) and determine
the degree of elasticity.
(4)
[12]

Answers: 1

Show answers

Other questions on the subject: Biology

Biology, 21.06.2019 23:30, Chapo1898

Of seawater increases with decrease in the temperature. therefore, the cold water sinks to the deeper layers at the bottom

Answers: 1

continue

Biology, 22.06.2019 00:30, bandiadummy8595

Which type of scientific statement is defined as a hypothesis or group of hypotheses that can be accepted as true based on the repeated experimentation with similar results

Answers: 3

continue

Biology, 22.06.2019 01:30, alwaysneedhelp8420

Apopulation of black bears depends on salmon from a stream for food. if a drought causes the stream to run dry one year, how will this likely impact the black bear population?

Answers: 2

continue

Biology, 22.06.2019 06:40, zayo8468

The first generation of offspring from the cross of two parents is called the a. f1 generation b. f2 generation c. short generation d. p generation

Answers: 1

continue

Do you know the correct answer?

[10] QUESTION 3
(2)
3.1
(2)
3.2
Name TWO products with an inelastic d...