Economic theory: task 0007
Replenishment date: 05.09.2014
Content: et_zadacha7.doc (22 KB)
️Automatic issue of goods ✔️
️Automatic issue of goods ✔️
Sales:
0
Refunds:
0
Reviews:
0
Views:
89
Description
1. The demand for a product with an income of 20 is 5, and with an income of 30 it is 8. The price of the product is unchanged.
a) What category does the product belong to?
b) Average income elasticity of demand for income 20?
c) Arc income elasticity of demand?
2. Is the demand inelastic if it is known:
Product price, den. units 1,05 1,15
Demand value, thousand units 1000 900
a) What category does the product belong to?
b) Average income elasticity of demand for income 20?
c) Arc income elasticity of demand?
2. Is the demand inelastic if it is known:
Product price, den. units 1,05 1,15
Demand value, thousand units 1000 900
Additional Information
The problem was handed over for "Excellent"!