This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the demand curve for slices of pizza is given as Q = 300 - 16p, then the point elasticity of ... (Read 288 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Mar 14, 2021

Question 1

If the demand curve for comic books is expressed as Q = 10,000 * p-1, then demand has a unitary elasticity
◦ only when p = 10,000.
◦ only when p = 100.
◦ always.
◦ never.

Question 2

If the demand curve for slices of pizza is given as Q = 300 - 16p, then the point elasticity of demand when price is $1.50 is
◦ -24.
◦ -16.
◦ -0.0054.
◦ -0.087.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Pineappleeh on Mar 14, 2021

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Mar 14, 2021
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.
Answer Preview
Only 56% of students answer this correctly


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Male tule elk in Point Reyes Male tule elk in Point Reyes
Two-Point Threshold Device for Measuring Touch Acuity Two-Point Threshold Device for Measuring Touch Acuity
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
A genetic map showing the location of revertible (point) mutants of the rll region A genetic map showing the location of revertible (point) mutants of the rll region
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library