Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I have two following questions about microeconomic. I hope you'll answer it. Thank you! Mr. Lee Bhog Man demands twelve (12) trays of eggs when

I have two following questions about microeconomic. I hope you'll answer it. Thank you!

  1. Mr. Lee Bhog Man demands twelve (12) trays of eggs when the price was still at P80 per dozen. When the price increases to P250 per tray, the orders are reduced to twenty (20) dozens. Find elasticity and its coefficient
  2. Ms. Kaye Moh Cath orders 32 pieces of economics books when the price was still at P320 each. Suddenly, the price hikes by P50 but since students badly need it, the orders remain unchanged. Compute elasticity and find its coefficient

NOTE: I WILL NOT COPYING YOUR WORK/ANSWER I WILL USE IT FOR MY GUIDANCE, WHEN YOU ANSWERED IT I SWEAR I WILL RATE YOU AS HELPFUL, THANK YOU SO MUCH AND GOD BLESS!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Economics questions