problem no,1 in page 103
rain spoils the sttrowberry crop. as the prise rise from 4 to6 $ abox and quantity demand decrease from 1000 to 600 boxes a week .over this prise range
a-what the price elastisity of demand
b-describe the demand for strawberries.
problem no.(2)
if the quantity of dental service demanded increase by 10 % when the price of dental service fall by 10% is the demand for dental elastic or inelastic or unit elastic
problem 3
the demand schedule for hotel room is
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QD |
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price |
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100 |
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200 |
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80 |
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250 |
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50 |
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400 |
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40 |
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500 |
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25 |
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800 |
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20 |
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1000 |
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a-what happens to total revenue if the price falls from 400 to 250
b-what happens to total revenue if the price falls from 250 to 200
at what price is total revenue at maximum ? explain and interpret your
answer
d- is the demand for hotel room elastic,unit elastic or inelastic
انا كتبتلك البروبليم عشان تحلها ربنا يوفقكم