--%>
Assignment Help - homework help

Selling price by price elasticity of unitary demand

At the point upon the demand curve for Silver Screen Classic DVDs, here the price elasticity of demand is unitary, the price would be approximately: (i) $10, resulting in roughly 8 million DVDs being sold. (ii) $13, resulting in approximately 6.5 million DVDs being sold. (iii) $16, resulting in about 5 million DVDs being sold. (iv) $20, resulting in around 3 million DVDs being sold. (v) $23.50, resulting in approximately 1million DVDs being sold.

 

1624_maximize profit.png

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

   Related Questions in Microeconomics

  • Q : Current deposit account Name the

    Name the additional facility that the businessman acquires in the current deposit account of bank. Answer: The businessman acquires the facility of overdraft (that

    		•
  • Q : Tastes and Preferences in travel

    Can someone help me in finding out the right answer from the given options. Raised ‘love boat’ ticket sales in response to a sequence of stunning travel commercials point out a raise in the: (i) Quantity of romantic vacations demanded. (ii) Demand for the

    		•
  • Q : Describe the wave of mergers in the

    Describe the wave of mergers in the banking industry?Many economic factors have caused banking institutions to merge over the past various years. What are these factors comprise Please explain breifly...

    		•
  • Q : Present Value of an Annual Income The

    The present value of an annual income stream which goes on forever equals the annual income as: (w) times infinity. (x) divided by the wage rate. (y) multiplied by the interest rate. (z) divided by the interest rate.

    Q : Market experience increases in quantity

    When equilibrium moves from point a to point b, the merely market experiencing raise within quantity supplied is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Poverty by throughout lives Which of

    Which of the given statements is not correct? (w) Wealth is less equally distributed than income. (x) U.S. tax and transfer programs tend to make income more evenly distributed. (y) Some disincentives for work plague even the most efficient of proposed welfare reforms

    		•
  • Q : Long-run equilibrium price paid Pure

    Pure competitors in a long-run equilibrium are paid a price which: (i) allows recovery of any previous operating losses. (ii) equals MC although exceeds average cost. (iii) maximizes average revenue minus average cost. (iv) equals maximum long run ave

    		•
  • Q : Export transactions Select the right

    Select the right answer of the question. U.S. export transactions create: A) a U.S. demand for foreign monies and the satisfaction of this demand decreases the supplies of dollars held by foreign banks. B) a U.S. demand for foreign monies and the satisfaction of this

    		•
  • Q : Produce a natural monopoly by market

    Market forces tend to produce a natural monopoly while: (1) decreasing costs are small relative to market demand for output. (2) diseconomies of scale are substantial at low levels of output. (3) economies of scale are substantial relative to market d

    		•
  • Q : Union Shop Agreements The union shop

    The union shop agreement needs that the worker: (1) Join the labor union prior to beginning to work. (2) Pay union dues even when selecting not to join union. (3) Join the union soon subsequent to being hired. (4) Freely select to join or not join union.