a. i. Determine and fully interpret the price elasticity of demand for January and February using table 1 (for quantity demanded) and table 2 (for price) for each of the following: Carrots Dasheen (imported)
a. i. Determine and fully interpret the price elasticity of demand for January and February using table 1 (for quantity demanded) and table 2 (for price) for each of the following: Carrots Dasheen (imported)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
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Transcribed Image Text:a. i. Determine and fully interpret the price elasticity of demand for January and
February using table 1 (for quantity demanded) and table 2 (for price) for each
of the following:
Carrots
Dasheen (imported)
Transcribed Image Text:Commodity
ROOT CROPS
Unit
January
February
March
Аpril
Мay
119,861
76,868
97.887
62,325
17,883
9,815
31,248
41,805
122,180
79.998
Carrots
Kg
Kg
Kg
Kg
Kg
Kg
Kg
Kg
Kg
32,432
77.983
54.453
Cassava
Common Yam
Im ported yam
Dasheen(Local)
Dasheen(Imported)
Eddoes (Local)
Eddoes (Im ported)
Sweet Potatoes (Local)
Sweet Potatoes (Im ported)
Ginger
CONDIMENTS AND
SPICES
Celery
Chive (L)
Thyme (s)
Hot Peppers (100's)
Hot Peppers (40 lb)
Shadon Beni
Pimento (S)
29,687
4.818
363
16,235
1,906
37.506
57.780
28,321
26,325
19,492
18,210
20,413
4:798
29,952
36,180
23.580
22,770
140,389
40,674
24,887
68,625
30,835
16,560
27,253
12,263
9,280
27,792
36,450
195,121
156,648
125.726
65.380
1,980
6,480
Kg
Kg
10,575
4.770
28,117
na
11,076
35.435
37.545
13,818
Bndl.
16,321
12,490
12,288
9,191
4.421
5,640
364
Bndl.
14,045
567
1,876
7,078
276
1,624
2,222
35.340
11,951
17,025
Bndl.
562
927
100's
1,225
Bag
Bndl.
2,235
48,632
1,194
1,693
26,375
1,976
61,240
531
835
30,050
100's
3.571
5.910
4.492
5.750
3.385
Commodity
Unit
January February
March
April
Мay
ROOT CROPS
Carrots
Kg
Kg
Kg
Kg
Kg
11.19
10.94
10.98
11.86
10.14
Cassava
5.21
7.45
17.40
4.94
8.22
4.71
6.86
4.67
6.75
4.55
Common Yam
7.09
24.26
9.28
Imported yam
Dasheen(Local)
Dasheen(Imported)
Eddoes (Local)
Eddoes (Imported)
Sweet Potatoes (Local)
Sweet Potatoes (Imported)
Ginger
12.55
11.47
7.48
8.41
17.15
na
13.12
10.91
9.28
Kg
Kg
6.67
7.71
13.65
14.87
5-56
6.67
7.72
7.09
10.02
9.79
9.78
5.90
7.04
20.05
14.53
Kg
Kg
Kg
Kg
9.79
7.11
15.93
6.37
5.56
5-55
5.02
7.04
23.71
na
29.50
29.94
27.92
CONDIMENTSAND
SPICES
Celery
Chive (L)
Thyme (s)
Hot Peppers (10o's)
Hot Peppers (40 lb)
Shadon Beni
Bndl.
27.65
26.72
28.95
70.48
25.48
22.62
30.75
22.50
50.00
30.56
Bndl.
31.48
Bndl.
60.50
45-556
37-78
253-33
11.56
70.70
33-45
45.25
100's
32.27
27.14
30.75
Bag
196.50
284.77
13.36
213.71
12.84
16.79
207.14
12.57
13.19
Bndl.
13.50
12.42
Pimento (S)
100's
17.29
13.125
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