Determine price of unitary price elasticity of demand

St. Valentine’s Day software is currently going in version of 6.0. At this point on the demand curve where the price elasticity of demand is unitary, there the price would be approximately: (i) $20, resulting in roughly 16 million copies being sold. (ii) $27, resulting in approximately 13 million copies being sold. (iii) $32, resulting in roughly 10 million copies being sold. (iv) $40, resulting in about 6 million copies being sold. (v) $47, resulting in about 2million copies being sold.

871_software of Elasticity.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : Rises price elasticity of demand for a

The price elasticity of demand for a good will tend to rise as the: (i) number of obtainable substitutes increases. (ii) consumer income level increases. (iii) good is a less significant budget item. (iv) time permitted for response decreases. (v) ela

Q : Short-run supply curve for a

For a competitive firm, the short-run supply curve is the portion of its: (w) AVC curve that lies above the ATC curve. (x) MC curve which rises above its AVC curve. (y) MC curve which is upward sloping. (z) AFC curve which lies above the MC curve.

Q : Distribution of middle relative income

From roughly 1975 year, the proportion of the U.S. population into the Bureau of the Census category that is “middle relative income” where the “middle class’ has: (1) grown since many former u

Q : Changes in market prices and conditions

The model of pure competitive is intended to produce insights within how: (w) asymmetric information influences the efficiency of exchange. (x) buyers and sellers negotiate to reach contracts for goods and services. (y) markets determine equitable dis

Q : Percentage change in quantity demanded

The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise

Q : Monopolistically-competitive market

When numerous new firms enter a monopolistically-competitive market, in that case the demand curves facing the firms previously in that market will: (1) shift to the left and turn into more price elastic. (2) become straighter and less income elastic.

Discover Q & A

Leading Solution Library

Avail More Than 1460989 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941628
Asked

3,689

Active Tutors

1460989

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment