Calculate the price elasticity of demand for tv plasmas, Microeconomics

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Calculate the price elasticity of demand for tv plasmas

Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of demand for TV Plasmas. How could we classify the demand for TV Plasmas?

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Microeconomics: Calculate the price elasticity of demand for tv plasmas

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Request for Solution File

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Microeconomics: Calculate the price elasticity of demand for tv plasmas

Reference No:- TGS046893

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How to know demand has increased

Q : Explain when price of plastic surgery increases

Q : Exposed to exchange rate risk

Q : Calculate the profit maximizing price per unit

Q : Calculate the price elasticity of demand for tv plasmas

Q : What was the income from operations

Q : Relationship between dividend policy and stock prices

Q : Explain is intensity of rivalry in pc industry high or low

Q : Company weighted average flotation cost

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate the price elasticity of demand for tv plasmas

Reference No:- TGS046893

Recent Questions Asked Microeconomics

Q : How to know demand has increased

Q : Explain when price of plastic surgery increases

Q : Exposed to exchange rate risk

Q : Calculate the profit maximizing price per unit

Q : Calculate the price elasticity of demand for tv plasmas

Q : What was the income from operations

Q : Relationship between dividend policy and stock prices

Q : Explain is intensity of rivalry in pc industry high or low

Q : Company weighted average flotation cost

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