The prices and quantities of web cameras (webcams) of three models to be sold in Kyrgyzstan by a U.S. technology firm before and after depreciation of the Kyrgyzstani Som (KGS) against US dollar are given below. Calculate price elasticity of demand of web cameras for each model and compare the results in terms of price elasticity, Po PI Qo Model 1 KGS 48,000 KGS 57,600 Model 2 KGS 6,400 Model 3 KGS 2,400 KGS 7,680 300,000 240,000 KGS 2,880 600,000 600,000 24,000 16,000

The prices and quantities of web cameras (webcams) of three models to be sold in Kyrgyzstan by a U.S. technology firm before and after depreciation of the Kyrgyzstani Som (KGS) against US dollar are given below. Calculate price elasticity of demand of web cameras for each model and compare the results in terms of price elasticity, Po PI Qo Model 1 KGS 48,000 KGS 57,600 Model 2 KGS 6,400 Model 3 KGS 2,400 KGS 7,680 300,000 240,000 KGS 2,880 600,000 600,000 24,000 16,000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter14A: The Practice Of Revenue Management

Section: Chapter Questions

Problem 1E

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