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ArbitrLikvidat [17]
3 years ago
6

The cost of a computer in is RS 70,502.what is the cost of such 14 computer.​

Mathematics
1 answer:
vivado [14]3 years ago
5 0

Answer:

CP for one is Rs70,502

For 14 will then be 14×70502

Rs 987,028

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The area of a door is 3024 square inches. If
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Lets take all factors into consideration first

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COMPLETE QUESTION:

Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will change if: Instructions: Enter your answers as percentages. Include a minus (-) sign for all negative answers.

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ANSWER

a) The quantity demanded of good X will change by 15 percent

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c) The demand for good X will change by -8 percent

d) The demand of good X will change by 4 percent

Step-by-step explanation:

Price elasticity of demand measures how responsive  quantity demanded is to a change in the  price of  a commodity.

price elasticity = \frac{\frac{dQ}{Q} }{\frac{dP}{P} } .    

Note:  Same applies to income,advertising and cross-price elasticity.

where, P is the price of the demanded good and Q is the quantity of the demanded good and dQ and dP are the changes in quantities of demanded goods and prices respectively.

a) Quantity demanded on goods X due to decrease by 5 percent in price is ;

-3 = \frac{\frac{dQ}{Q} }{-5}     , therefore  percentage increase in quantity of goods demanded is  (-3 x -5) = 15 percent

       

b) Cross- Price Elasticity; Quantity demanded on goods X due to increase by 8 percent in price in goods Y is;

-4 = \frac{\frac{dQ}{Q} }{8}   , therefore percentage decrease in quantity of goods demanded is  (-4 x 8) = -32 percent

c)  Advertising Elasticity ; Quantity demanded on goods X due to decrease  by 4 percent in advertising is;

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d) Income Elasticity ; Quantity demanded on goods X due to increase by 4 percent in income is;

1 = \frac{\frac{dQ}{Q} }{4}   , therefore percentage increase in quantity of goods demanded is   (1 x 4) = 4 percent

3 0
3 years ago
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