If an increase in price of a for bag Results from 90 to 120 an increase in quantity supplied of bag increased from 2400 to 2800 find the elasticity of supply?

Q: Laptop A cost £539 in 2015 and sold 13 million units that year. Laptop A's price increased to 599 in…

A: The price elasticity of demand measures the responsiveness of quantity demanded to a change in…

Q: The elasticity of supply is -2 and the fall in the price is 30%  Calculate the fall in the quantity…

A: According to the question we are given that:- Elasticity of supply = 2 Fall in price = 30% = -0.3 We…

Q: If price elasticity of supply is +0.66  Find the value of change in quantity supplied if change in…

A: The information being given is as follows:- Price elasticity of supply = 0.66 Change in price = 33%…

Q: If elasticity of supply is 0.31 and the rise in quantity supplied is 19% Find the value of rise in…

A: The information being given is:- Elasticity of supply = 0.31  Rise in quantity supplied = 19% We…

Q: When the price of a good falls by 40% Its demand rises from 240 units to 280 units calculate the…

A: Elasticity is a measure of a variable's sensitivity to changes in another variable; it is most…

Q: 40 15 35 30 30 45 25 60 20 75 15 90 10 105 120 135 11. Using the schedule above, calculate the…

A: An elastic demand is one in which the change in quantity demanded due to a change in price is large.…

Q: $30 500 Over which price range is the elasticity of supply greater than 1?

A:

Q: the price elasticity of demand for a product is -.5. When its price is increased by 2%. Quantity…

A: The price elasticity(Ep) of demand(dd) measures that if there is any variation in the prices(P) of a…

Q: George has been selling 5000 t-shirts per month for $8.50.  When he increased the price to $9.50, he…

A: The degree to that demand changes in response to changes in another economic element, like value or…

Q: Comment on the elasticity of demand for a good whose demand falls by 40% with a 10% rise in price.

A: We are given with a type of good whose demand falls almost by 40% if the firm raises the market…

Q: If elasticity of supply is 0.72 and the change in price is 30% Find the change in quantity supplied

A: PES = Percentage change in quantity supplied/ Percentage change in Price 0.72= Percentage change in…

Q: Calculate the elasticity of supply if rise in price is 30% and the rise in quantity supplied is 37%

A: According to the above given question, the information is as follows:- Rise in price = 30%  Rise in…

Q: Find percentage change in demand if elasticity of demand is 0.88 and the % change in Price is 20%

A: The data presented In the question above is:- Percentage change in price = 20% Elasticity of demand…

Q: Find elasticity of demand if price rise by 40% and quantity falls by 10% (b) Is the demand elastic…

A: We are given that:- Rise in price = 40%  Fall in quantity = 10% We need to calculate the elasticity…

Q: The elasticity of supply is +0.34 Comment on the given value of the elasticity of supply whether…

A: Elasticity of supply is given as:- Es = percent change in quantity supplied / percent change in…

Q: Calculate the price elasticity of demand, if there is a decline in quantity from 55 to 45 a week and…

A: Elasticity of demand is used to measure the responsiveness of change in the quantity demanded of a…

Q: The demand of a commodity falls by 20% and the price rise by 30%  Calculate the elasticity of…

A: # when we are given the value of the change in demand and change in price then in such situation we…

Q: Given that price rise by 3% and the quantity demanded falls by 10%  Find the value of elasticity of…

A: elasticity of demand show the change in demand due to change in price , so here we calculate the…

Q: What is elasticity of demand if price increase by 20% and the quantity decrease by 20%.

A: Given, Increase in price = 20% Decrease in quantity = 20%

Q: The price elasticity of demand of a good is 0.3. The price rise by 60%  Calculate the percentage…

A: # Elasticity of demand is given by the formula:- Ed = % Change taking place in quantity demanded /%…

Q: If price elasticity of supply is 1.5 and price increases by 3 percent, quantity supplied will…

A: Price elasticity of supply measures the responsiveness of quantity supplied to change in price. The…

Q: If the elasticity of demand for milk tea equals -1.5 and the quantity demanded equals 40,000,…

A: Given information: Price elasticity: -1.5 Initial Quantity demanded: 40,000 Formula of price…

Q: Is elasticity of demand of 2.5 high or low?

A: Elasticity of demand (Ed) measures the responsiveness of quantity demanded, to a given change in…

Q: If the price elasticity of supply is -0.5 and the price increases by 10%, what is the change in…

A: Here we calculate the change in quantity supplied by using price elasticity , so the calculation of…

Q: The market prices of apples has increased by 25% and the quantity demanded falls by 10% Calculate…

A: The given information is as follows:- Rise in market price of apple = 25% Fall in quantity demanded…

Q: Suppose an increase in Demand cause surfboard prices to go up from $350 to $450 each. As a result…

A: Mid point method: es = [(Q2-Q1) / (Q2+Q1) /2] / [(P2-P1) / (P2+P1)/2] where, es is Price elasticity…

Q: The elasticity of demand is  greater than 1. What does that mean??

A: # Elasticity of demand measures the degree of change in quantity demanded when price changes.

Q: Given that rise in price of 7% cause a fall in demand by 13%  Calculate elasticity of demand

A: The data presented in the question above is:- Percentage rise in price = 7%  Percentage fall in the…

Q: When price of taddy is 10 dollars then it demand is 100 taddy. When price of taddy is 12 dollars…

A: Given initial price (P) = $10 Initial quantity (Q) = 100 units Final price (P1) = $12 Final quantity…

Q: The change in quantity supplied is 60% and the change in price is 40%  Calculate the value of…

A: The information being given is:- Change in quantity supplied = 60% Change in price = 40% We have to…

Q: When the price is 6 the quantity demanded 2 and when the price 5 then quantity demanded 4, the price…

A: Elasticity of demand is a key economic concept that determines how sensitive a product's desired…

Q: Please calculate the price elasticity of supply for a book when: Quantity of supply increases from…

A: The elasticity of supply measures how much responsive the quantity supplied is towards the changes…

Q: If a price of a commodity rises from 6 per unit to 7 per unit consequently its supply increases by…

A:

Q: The price elasticity of supply of a good is 0.8. Its price rises by 50% calculate the percentage…

A: # The price elasticity of supply measures the responsiveness of supply when there is a change in…

Q: T he price of a good rises from $16 to $24, and the quantity supplied rises from 90 to 110 units.…

A: Given the initial price = $16 The final price goods = $24 Initial quantity = 90 Final quantity = 110

Q: The price elasticity of demand for a popular sporting event is 0.4. If the price of a ticket to this…

A: Price elasticity of demand=% change in quantity demanded%change in price0.4=% change in quantity…

Q: The price elasticity of demand for product A is 0.5, and the percentage change in quantity demanded…

A: Price elasticity of demand measures the responsiveness of change in quantity demanded to change in…

Q: Calculate the elasticity of demand when demand falls by 10% due to rise in price by 4%

A: # The formula for Elasticity of demand is :- = % Change in quantity demanded/ % Change in price.…

Q: When price of a good falls from 6 to 2 per unit its demand rises by 40% calculate the price…

A: The price of a good falls from 6 to 2, as a result, the demand rises by 40%. First, find the…

Q: The percentage change in quantity demanded is 30% and the percentage change in price is 70%…

A: # The percentage change in quantity demanded and the percentage change in price helps us calculate…

Q: Calculate the value of elasticity of supply when price rise by 20% and the quantity supplied rises…

A: Supply refers to the total amount of a particular product or service that is available to consumers.…

Q: Calculate elasticity of supply if fall in supply is 11% and the fall in price is 8%

A: The information given is:- % fall in quantity supplied = 11% = -0.11 % fall in price = 8% = -0.08 We…

Q: If the elasticity of demand for milk tea equals -1.5 and the quantity demanded equals 40,000,…

A: Price elasticity of demand is a measure of the degree of responsiveness of changes in demand caused…

Q: Disney just raised its 3 day 3 park pass from $110.00 to $121.00. Sales fell from 4,000 per week to…

A: Given , Initial price (P1) = $110 Final price (P2) = $121 Initial Quantity (Q1) = 4000 Final…

Q: If the price of sugar rises from $16 per kg to $18 per kg. the quantity supplied expands from 100kg…

A: Following is the given values: Initial price, P = $16 Final price, P1 = $18 Initial supply, Q = 100…

Q: Calculate elasticity of demand if price rises by 50% ane the quantity demanded falls by 88%

A: The given information is as follows:- Rise in price = 50% = +0.5 Fall in quantity demanded = 88% =…

Q: The price elasticity of supply is1.2​,and price increases by 10percent. As a​ result, the quantity…

A: The elasticity of supply sets up a quantitative connection between the price of an item and it's…

Q: If price elasticity of supply is 1.5 and price increases by 3 percent, quantity supplied will…

A: Price elasticity of supply measures the responsiveness of change in quantity supplied to change in…