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  • MBA Economics Elasticity Practice Questions

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    Azhar Abbas
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    A rise in the price of ice cream from Rs20 to Rs35 reduces Quantity Demanded from 30,000 to 10,000 units. Determine the price elasticity of demand for the following demand schedules. Use the Total Revenue test to check the answers by the ed formula.

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    Excercise # 2

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    A rise in the price of ice cream from Rs20 to Rs35 reduces Quantity Demanded from 30,000 to 10,000 units. Determine the price elasticity of demand for the following demand schedules. Use the Total Revenue test to check the answers by the ed formula.

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    4 views1 page

    MBA Economics Elasticity Practice Questions

    Uploaded by

    Azhar Abbas
    A rise in the price of ice cream from Rs20 to Rs35 reduces Quantity Demanded from 30,000 to 10,000 units. Determine the price elasticity of demand for the following demand schedules. Use the Total Revenue test to check the answers by the ed formula.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    Business Economics

    MBA EXCERCIUSE# 02
    Announced Dated: 13/3/2012 Submission Date: 21/03/2012

    Question # 1 : A rise in the price of ice cream from Rs20 to Rs35 reduces quantity demanded from 30,000 to 10,000 units. Calculate the price elasticity of demand. Question #2: Determine the elasticity of demand for the following demand schedules. Use the total revenue test to check the answers by the ed formula. Price $ 9 8 7 6 Quantity Demanded 12000 16000 21000 22000 Total Revenue $ Ed

    Question#3. If the income elasticity of demand for product A and B is +3.6 and for products C and D is -5.4, what can you conclude about the nature of these goods?

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