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Author Question: You have to decide whether to buy shares in a company selling surfboards or a company selling roller ... (Read 171 times)

09madisonrousseau09

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on: May 25, 2020

Question 1

The price of a newspaper increases by 10% and quantity demanded of that newspaper falls by 10%. Calculate the price elasticity of demand for newspapers and comment on the how revenue will be influenced by a change in price.

Question 2

You have to decide whether to buy shares in a company selling surfboards or a company selling roller blades. Assume that the income elasticity for roller blades is -0.2 and the income elasticity for surfboards is 1.2. Most economists are predicting that consumer income will rise over the next few years. How would economists classify these two goods? Also, which company should you invest in, and why?
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by 09madisonrousseau09 on May 25, 2020

fatboyy09

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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09madisonrousseau09

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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