Price Elasticity of Demand

0.1. All-U-Want Videos rents 50D videos a day:r at a price of $5 each, and 1500 ti'ldecs 1when the mice drops $3. Calculate the price elasticity of demand. 112.1% supermarket reduces the price of oranges from 50 pence each to 3t) pence each. The titreeldyr sales increase from soup to mass. Calculate the price elasticity of demand. 03. Suppose that a pizza vendor at a basketball game can sell soon slices of pizza per night at a price of $3 per slice. If the vendor raises the price to $4 per slice. the number of slices sold falls to 2.. Calculate the price elasticity of demand. (14-. A manufacturer reduces the price of its digital cameras by 20% and, as a result, the 1wolume of sales rises by 30%. Calculate the price elasticityr of demand.