--%>
Assignment Help - homework help

Lowest possibility for price elasticity of demand

The price elasticity of demand would possibly be lowest for: (1) Dasani. (2) Deer Park. (3) Aquafina. (4) bottled water. (5) Perrier.

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

   Related Questions in Microeconomics

  • Q : Effect of economic prosperity on demand

    Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

    		•
  • Q : Workers in monopsonistic labor markets

    I have a problem in economics on Workers in monopsonistic labor markets. Please help me in the following question. The workers in monopsonistic labor markets receive salaries: (i) That barely cover the subsistence. (ii) Beneath the value of marginal p

    		•
  • Q : Law of Diminishing marginal utility

    Describe the Law of Diminishing marginal utility? Answer: Law of Diminishing marginal utility: As a consumer goes on consuming more and more units of a commodity th

    		•
  • Q : Problem on price mark up A company

    A company consists $27 per unit in variable costs and $1,000,000 annually in fixed costs. Demand is predicted to be 100,000 units annually. Determine the price if a markup of 40% on total cost is used to determine the price?

    		•
  • Q : Spending pattern for maximizing utility

    The consumer maximizes utility if spending patterns cause: (1) Level of net utility to increase each time purchases are modified. (2) Marginal utilities of each and every good consumed to be equivalent. (3) Principle of corresponding marginal utilities per dollar to b

    		•
  • Q : Formally effective a cartel To form and

    To form and effectively keep a cartel over time needs that the: (w) bulk of output be produced and sold by a minute number of cartel members. (x) product be relatively heterogeneous. (y) demand for the product be highly elastic. (z) government totall

    		•
  • Q : Price crosses elasticity of demand when

    When a 2% raise in the price of Kibbles causes a 1% raise in the quantity sold of Bits, in that case their price cross elasticity of demand is approximately _____ and such goods are _____. (w) -2; complements (x) 0.5; substitutes (y) 2; substitutes (z

    		•
  • Q : Exploitation of Labor-average revenue

    The Exploitation might not exist even when the wage a worker is paid is less than worker’s: (1) Average revenue product. (2) Marginal revenue product. (3) Marginal factor cost. (4) The value of marginal product. Can someone p

    		•
  • Q : Impact of Monopoly in welfare Discuss

    Discuss the impact of a monopoly  on the welfare  of the citizens of the country. In  your discussion you should include policies that can  be implemented by the government too reduce the abuse of dominant position in the market.

    		•
  • Q : Define Indirect taxes Indirect taxes :

    Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.

    		•