I have done some of the work but I keep getting stuck solving the equation for number two. I know at .25 the demand is

I have done some of the work but I keep getting stuck solving the equation for number two. I know at .25 the demand is 400 but to solve for whether it is inelastic or elastic and on I cannot seem to get it. Our profesor provides is with some videos but I cant seem to follow through his steps. Ultimately I end up getting confused. Although the answers are readily available online I would like to learn how to solve it. me follow through with the equations. you The following table shows this year’s demand and supply schedules of U.S. candy bars: Price Dollars a. Graph the supply and demand curves. is the equilibrium price and quantity? b. is the price elasticity (point elasticity) of demand when price is .25? c. is the price elasticity of supply when price is .10? Price is .25? d. The economists in the forecasting department of the U.S. candy bar association predicts that in the next year candy sales will jump to 800 million at a price of 10 cents a piece. are the possible factors th
can cause such a change?l

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.