--%>

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?

   Related Questions in Microeconomics

  • Q : Borrower and lenders in financial

    Financial institutions like banks perform as intermediaries. They lend their savings of depositors to final borrowers, charging more interest to borrowers than they pay to depositors, who are the eventual providers of loans. How does it decrease the <

  • Q : Economics surpluses drives price down,

    surpluses drives price down, shortages drives them up

  • Q : Surviving firms in declining

    When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices. <

  • Q : Why production possibilities curve

    What is the reason that production possibilities curve concave? Elucidate.

  • Q : Determine total variable cost of a firm

    This firm’s total variable cost (TVC) equals area as: (w) 0phq2. (x) daef. (y) 0bgq2 minus area daef. (z) obgq2.

    Q : Estimating N.I. by product by value

    Describe the steps taken in estimating N.I. by product/ value added technique? Answer: A) Classify all production units: Locate

  • Q : Negatively slope of demand curve

    When the demand curve for a firm’s product is negatively sloped into the short run, in that case the firm: (i) operates in a purely or perfectly competitive market. (ii) experiences economies of scale in its production function. (iii) will face

  • Q : Attract new firms by economics profits

    Economic profits within a competitive industry are signals which: (i) attract new firms into the industry. (ii) hinder innovation of new technologies. (iii) encourage inefficiency in existing firms. (iv) business conditions are deteriorating. (v) pric

  • Q : Tax burden distribution of relatively

    Demands for alcoholic and tobacco beverages tend to be relatively price inelastic and income inelastic. There per unit “sin taxes” upon these products will share out the tax burden: (i) proportionally among high-income and

  • Q : Opportunity Cost to the User An

    An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m