Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

Suppose after a 3% decrease in the price of a good, the quantity demanded for the good increases by 2%. Then which of the following is true?

A. The price elasticity of demand is |E| = 0.67.

B. The price elasticity of demand is |E| = 1.5.

C. Total revenue decreases by 1%.

D. Only A and C. E. Only B and C.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92101778
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

What kinds of trainings that can be used to fix the problem

What kinds of trainings that can be used to fix the problem of staff do not understand their tasks?

Is the great man perspective on leadership still in use

Is the Great Man perspective on leadership still in use today? Discuss.

What is ethical dilemma that starbucks is cureently facing

What is ethical dilemma that starbucks is cureently facing ? How can I explain this ethical dilemma? What are the issues of the various stakeholders in this ethical dilemma? What is the right thing for the company to do ...

Why the price of a good and service is less than the cost

Why "The price of a good and service is less than the cost of the good and service due to the existence of opportunity cost" is right? Use economic concepts.

What should be done to maintain optimum stock levels and

What should be done to maintain optimum stock levels and why is it important to keep accurate and up-to-date records of stock?

Define the two concepts moral hazard and adverse selection

Define the two concepts "moral hazard" and "adverse selection." Describe separately how the existence of each affects the market for health insurance and medical care. What are some of the ways that insurance companies t ...

What is transformational leadership what are its

What is transformational leadership; what are its characteristics and are there cautions that should be aware of?

What is your concept of e-commerce and how has the internet

What is your concept of E-Commerce and how has the internet changed everything?

Quantitative analysis for managerswhat is the essence of

Quantitative Analysis for Managers What is the essence of Decision Theory? How can the concept of decision theory be used in business, personal or academic activities?

What would you regard as the limitations of planning as a

What would you regard as the limitations of planning as a management's function?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved