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inna [77]
3 years ago
10

Determine the price elasticity of demand if, in response to an increase in price of 10 percent, quantity demanded decreases by 2

0 percent.
Business
1 answer:
valkas [14]3 years ago
8 0
<span>The price elasticity of demand would be -2. When you divide the change in quantity demanded (-20%) by the change in price (10%), as is required to obtain the price elasticity of demand, you get this result.</span>
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Nataly_w [17]
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$$10(20+n)\cdot 1000(40-n) = 10000(20+n)(40-n) = 10000(800+20n-n^2).$$

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However, if they are made to pay for this negative externality that they are the cause of, it will increase their production cost and force them to reduce production to keep these costs low. As they reduce production, the market price will increase as supply is less.

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Answer:

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Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is th
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The computation of the average amount of money i.e. earned by each theater is shown below:

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3 years ago
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Arte-miy333 [17]

Answer:

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Explanation:

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3 years ago
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