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Category > Economics Posted 05 Jun 2017 My Price 6.00

quantity demanded of noodles

Question 1. if the quantity demanded of noodles decreased by 5 percent when the price of noodles rises by 2 percent, what is the price elasticity of demand for noodles?

 

Question 2. When the price of a diamond ring rises from $19,500 to $20,500 the quantity demanded decreases from 2,100 to 1,900 travelers.

  • The price of a diamond ring increases by ____ percent?
  • The quantity of diamond rings demanded decreased by ___ percent?
  • So the price of elasticity of demand for diamond rings is? ___

 

Question 3. When heavy rain ruined the banana crop in Central America, the price of bananas rose from $0.70 a pound to $0.90. Banana sellers sold fewer bananas, but their total revenue remained unchanged

  • The quantity of bananas decreased by ____ percent?.

 

 

PLEASE HELP I NEED THESE QUESTIONS ANSWERED!!

Answers

SuperTutor
(15)
Status NEW Posted 05 Jun 2017 06:06 AM My Price 6.00

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