--%>
Assignment Help - homework help

Price elasticity of demands for moving points

Moving from point d to point e beside demand curve D, the price elasticity of demands of DVDs of video games at equal: (a) 0.8. (b) one. (c) 1.10. (d) 1.25. (e) 2.50

493_Price Elasticity of Demand4.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Short-run Demand for Labor Short-run

    Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m

    		•
  • Q : Problem of asymmetric information

    Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cann

    		•
  • Q : Elasticity of Supply Elasticity of

    Elasticity of Supply: The law of supply states us that quantity supplied will react to a modification in price. The notion of elasticity of supply elucidates the rat

    		•
  • Q : Competition and Rivalry When new firms

    When new firms enter an imperfectly competitive market, in that case the demand curves of the firms previously in the market will: (w) shift to the left. (x) shift to the right. (y) become vertical. (z) become horizontal.

    Q : Elasticity of supply Suppose that the

    Suppose that the price of peanut packets increases by 5 %, the quantity supplied of peanut increases by 8 %. Then what is the elasticity of supply? Answer: Es = Per

    		•
  • 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 : Market clearance according to Economists

    Can someone help me in finding out the right answer from the given options. The Economists state that a market is cleared when the price is in such a manner that: (i) Each and every good produced is sold. (ii) Quantity and Price are equal. (iii) Surplus demand surpass

    		•
  • Q : Consumption and saving schedules The

    The consumption and saving schedules demonstrate that: A) consumption rises, but saving declines, as disposable income rises. B) saving varies inversely with the profitability of investment. C) saving varies directly with the level of disposable income. D) saving is i

    		•
  • Q : Problem on Horizontal Mergers Can

    Can someone please help me in finding out the accurate answer from the following question. Which of the given below is not an illustration of horizontal integration? (1) Prudential Insurance gets Metropolitan Life Insurance. (2) Daimler-Benz absorbs Chrysler. (3) McDo

    		•
  • Q : How is a shift in demand reflected in a

    How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?