Blue berry pharmaceuticals in Bangladesh has decided to increase their yearly spending advertisement from 10 Millions to 20 Millions, the amount of anti-ulcerant drug demanded increases from 10 lacks box to 20 lacks box. Calculate the following : 1) Price elasticity of demand (PED)? 2)Is the product elastic or in-elastic in regard to advertisement? Please answer at your own words.
Blue berry pharmaceuticals in Bangladesh has decided to increase their yearly spending advertisement from 10 Millions to 20 Millions, the amount of anti-ulcerant drug demanded increases from 10 lacks box to 20 lacks box. Calculate the following : 1) Price elasticity of demand (PED)? 2)Is the product elastic or in-elastic in regard to advertisement? Please answer at your own words.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 5SQP: Suppose a university raises its tuition from 3,000 to 3,500. As a result, student enrollment falls...
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Blue berry pharmaceuticals in Bangladesh has decided to increase their yearly spending advertisement from 10 Millions to 20 Millions, the amount of anti-ulcerant drug demanded increases from 10 lacks box to 20 lacks box. Calculate the following :
1)
2)Is the product elastic or in-elastic in regard to advertisement?
Please answer at your own words.
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