Assignment Help - homework help

Price elasticity of demand-price falls and demand rise

The quantity dinner salads demanded is 100 everyday while Café Les Gourmands charges a price of $1.80, although when price drops by $1, quantity demanded is one hundred fifty. The price elasticity of demand for dinner salads at such restaurant is: (w) 1/7. (x) 7. (y) 1/5. (z) 5.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Curing scarcities of good Curing

    Curing scarcities in the market for ice cream needs: (i) Rises in the price of ice cream. (ii) Reduces in the supply of ice cream. (iii) Rises in the demand for ice cream. (iv) Reduction in the price of ice cream. (v) Burden of a price floor.

  • Q : Charting of past prices Can the

    Can the charting of past prices be used to predict future prices?

    		•
  • Q : Determine the yearly total revenues

    When the U.S. wheat market as in below demonstrated graph is primarily within equilibrium on S0D0, in that case the yearly total revenues (price × quantity) of wheat farmers will equivalent: (1) 0P4gQ4

    		•
  • Q : Determine elasticity of supply when

    When a $5 price hike raises the number of tanks of dehydrated water supplied into this market from point a to point b, there elasticity of supply is: (w) 4.5. (x) 3.0. (y) 1.5. (z) 0.5.

    Q : Increasing demand for Complementary

    Can someone please help me in finding out the accurate answer from the following question. When tortilla chips go on sale for fifty percent off, then the demand for salsa is most probable to: (1) Stay similar. (2) Reduce. (3) Raise. (d) Raise only when salsa as well g

    		•
  • Q : Operation of profit maximizing

    While marginal cost is positive, a profit maximizing monopolist will control where marginal revenue is: (w) positive. (x) negative. (y) zero. (z) positive, zero, or negative, depending upon elasticity of demand.

    Q : Agency Shop Agreements Can someone

    Can someone please help me in finding out the accurate answer from the following question. Labor contracts having agency shop arrangements need: (1) Employees of a firm to give dues to the union. (2) The firm to hire just union members. (3) New employees of the firm t

    		•
  • Q : Production and distribution of income

    When the distributions of income were suitable, when there were no externalities, and when the economy was purely competitive, in that case market forces would yield production and distribution of penicillin consequent to: (i) point a. (ii) point b. (

    		•
  • Q : Demand curves rightward of potential

    Monopolistically competitive firms advertise in try to shift their: (1) own supply curves leftward. (2) competitors' costs upward. (3) existing customers' demand curves leftward. (4) tax burdens to resource suppliers. (5) potential customers' demand c

    		•
  • Q : Principal-Agent Problems-Institutions

    According to the John Kenneth Galbraith, the modern corporate planning: (i) Aims at decreasing risks to the managers of main firms. (ii) Stresses the maximization of gains. (iii) Is much concerned with the social goals. (iv) Maximizes the social welfare.

Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.