Demand Elasticity

Front

Water has seen an increase in demand 8% this summer, while the price has decreased 12%. What is the price elasticity of demand?

Back

.67 inelastic

Front

Wheat has seen a decrease in demand of 5%, while the price has increased 7%. What is the price elasticity of demand?

Back

.71 inelastic

Front

Oil has seen a decrease in demand of 9%, while the price has increased 13%. What is the elasticity of demand?

Back

.69 inelastic

Front

Ford Trucks have seen a increase in demand of 27%, while the price has decreased 15%

Back

1.8 elastic

Front

Prada has seen a increase in demand of 70%, while the price has decreased 35%. What is the elasticity?

Back

2 elastic

Front

Red Wing Shoes has seen a decrease in demand of 40%, while the price has increased 20%. What is the elasticity of demand?

Back

2 elastic

Front

Electricity has seen a decrease in demand of 14%, while the price has increased 18%. What is the elasticity of demand?

Back

.78 inelastic

Front

The medication known as insulin has seen a decrease in demand of 2%, while the price has increased 10%. What is the elasticity of demand?

Back

.2 inelastic

Front

Columbia Sports Wear has seen a decrease in demand of 57%, while the price has increased 24%. What is the elasticity?

Back

2.4 elastic

Front

New York Giants Products have seen a decrease in demand of 90%, while the price has increased 1% (1W ... 7L Season)

Back

90 elastic