Question
1-Calculate the elasticiy of demand when the price of DVD rental rises from $3 to $5. b- at what price is the elasticity of demand
1-Calculate the elasticiy of demand when the price of DVD rental rises from $3 to $5. b- at what price is the elasticity of demand for DVD rental following table equal to 1?
2- what happens to total revenue if the price falls from $400 to $350 a chip and from $350to $300 a chip?
3- at an average price is total revenue of $350, is the demand for chips elastic ,inelastic,or unit elastic?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
