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What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
How do you calculate the quantity demanded when the elasticity is given?
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
What role does price elasticity demand play in decision making by business firms?
price elasticity
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
Can you find price elasticity if there is no change in price?
There must be a change in the price to calculate the price elasticity. Elasticity depends on the changes in the demand of a good or service based on the change in the price of a good or service.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
How do you calculate the quantity demanded when the elasticity is given?
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
What role does price elasticity demand play in decision making by business firms?
price elasticity
What is the importance of price elasticity to a cellphone dealer?
what are the importants of price elasticity of demand to a cellphone dealer
Distinguish between price elasticity and income elasticity?
The price elasticity refers to the change in demand due to the change in price. The income elasticity of demand on the other hand refers to the change in demand due to the change in income.
Why the price elasticity of salt is low and price elasticity of Toyota car is high?
The price elasticity of salt is lower than that of the Toyota car because by changing the unit of measurement of salt leaves the elasticity value the same.
How to calculate the price elasticity of demand for a product?
To calculate the price elasticity of demand for a product, you can use the formula: Price Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how sensitive consumers are to changes in price. A higher price elasticity of demand indicates that consumers are more responsive to price changes, while a lower elasticity suggests that consumers are less sensitive to price fluctuations.
What is role of price elasticity of demand in business decision?
role of price elasticity of demand in managerial decisions
What is the price elasticity of bathing soap?
The price elasticity of bathing soap is 1, (a one-percentage change).
