Business, 26.06.2020 15:01 edwinadidas9938
When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quantity demanded of good A falls to 400 units. Using the midpoint method, the price elasticity of demand for good A is
Answers: 2
![E=\frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1)/2]}](/tpl/images/0694/4901/fedd0.png)
![E=\frac{(400-500)/[(400+500)/2]}{(70-50)/[(70+50)/2]}\\E=-0.6667](/tpl/images/0694/4901/2f340.png)
Another question on Business
Business, 22.06.2019 04:30
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
Business, 22.06.2019 08:30
Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?
Answers: 2
Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
Answers: 2
Business, 22.06.2019 13:30
Hundreds of a bank's customers have called the customer service call center to complain that they are receiving text messages on their phone telling them to access a website and enter personal information to resolve an issue with their account. what action should the bank take?
Answers: 2
You know the right answer?
When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of goo...
Questions
History, 23.11.2019 17:31
English, 23.11.2019 17:31
Business, 23.11.2019 17:31
English, 23.11.2019 17:31
Biology, 23.11.2019 17:31
Mathematics, 23.11.2019 17:31
History, 23.11.2019 17:31
Biology, 23.11.2019 17:31
Physics, 23.11.2019 17:31
Social Studies, 23.11.2019 17:31
Social Studies, 23.11.2019 17:31
Mathematics, 23.11.2019 17:31
Biology, 23.11.2019 17:31
English, 23.11.2019 17:31
English, 23.11.2019 17:31
