Mathematics, 03.03.2021 22:30, AlysonDvz5464
1b. What is the elasticity of demand for beef between price $9 and $11? Is
demand for beef, elastic, inelastic or unit elastic? Why?
2. The producer of X is contemplating a price change and has asked
for your advice. After some empirical investigation, you conclude that
the price elasticity of demand for X is 1.25. As an economist, what
would you advise the producer to do in order to raise total revenue?
Would you advise him to raise prices or lower prices of good x?
Why? Explain.
Answers: 3
Mathematics, 21.06.2019 15:30, 001234567891011
Abike shop sells you a bicycle for $63 and a helmet for $21. the total cost is 150% of what the shop spent originally. how much did the shop spend originally? how much profit did the bike shop earn by selling the bicycle and helmet to you ?
Answers: 1
Mathematics, 22.06.2019 00:30, dragpack70
Will mark ! (10 points also! ) if x varies inversely with y and x =6 when y= 10, find y when x=8 a. y=4.8 b. y=7.5 c. y=40/3 d. y=4/15
Answers: 1
1b. What is the elasticity of demand for beef between price $9 and $11? Is
demand for beef, elastic...
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