--%>
Assignment Help - homework help

Elasticity of demand changes with price variation

Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

732_demand curve for DVD.png

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

   Related Questions in Microeconomics

  • Q : Find out marginal cost curve

    LoCalLoCarbo has turn into the favorite of fad dieters. Therefore in illustrated figure there curve C shows: (1) LoCalLoCarbo’s marginal cost curve. (2) LoCalLoCarbo’s average variable cost curve. (3) LoCalLoCarbo’s average total cost curve. (4) the

    		•
  • Q : Operate market by economies of scale

    When a firm experiences economies of scale which span the bulk of demand in the market, in that case the market which this operates within will tend to: (i) evolve into a monopoly. (ii) become inefficient before this gets extremely large. (iii) seldom

    		•
  • Q : Manufacturing assets by biggest

    Over half of all the manufacturing assets are held by the _____ biggest corporations in the United States. (w) 5 (x) 100 (y) 10 (z) 200 Can someone please help me in finding out the precise answer from the above options.

    		•
  • Q : Cut in prices of Complementary Goods

    The demand for gasoline would rise rapidly after a fifty percent: (i) Drop in the price of crude oil. (ii) Discovery of main latest oil supplies. (iii) Cut in public transportation fares. (iv) Cut in latest car prices.

    Q : Define Optimal Sample Size Optimal

    Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the

    		•
  • Q : Comparable the changes in TC and TVC

    Tell me the answer of this question. In comparing the changes in TC and TVC associated with an additional unit of output, we discover that: A) the change in TVC is equal to MC, while the change in TC is equal to TFC. B) the change in TC exceeds the change in TVC. C) t

    		•
  • Q : Define price ceiling Price ceiling :

    Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go

    		•
  • Q : Attract aggressive competition by high

    There is substantial evidence which: (w) size alone protects modern corporations from competitive pressures. (x) big unions manipulate government more than big business does. (y) the marketplace serves business firms better than consumers. (z) high pr

    		•
  • Q : Competitive theory of prices Normal 0

    Normal 0 false false

  • Q : Firms in purely competitive markets

    Firms within purely competitive markets as: (1) practice price discrimination more often than do firms along with market power. (2) do not price discriminate since they are more interested in their customers than are monopolists. (3) cannot price disc

    		•