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  • Price Elasticity

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    Romit Banerjee
    13 views10 pages
    The document contains information about the demand for products in three different markets - Beverages, Petrol, and Jewelery. It provides the original and new price and quantity sold for each market, and calculates values like slope, elasticity, and inverse slope to analyze the price responsiveness of demand in each market.

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    The document contains information about the demand for products in three different markets - Beverages, Petrol, and Jewelery. It provides the original and new price and quantity sold for each market, and calculates values like slope, elasticity, and inverse slope to analyze the price responsiveness of demand in each market.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    13 views10 pages

    Price Elasticity

    Uploaded by

    Romit Banerjee
    The document contains information about the demand for products in three different markets - Beverages, Petrol, and Jewelery. It provides the original and new price and quantity sold for each market, and calculates values like slope, elasticity, and inverse slope to analyze the price responsiveness of demand in each market.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 10

    MARKET A: BEVERAGES MARKET B: PETROL

    Price/ ml 10 Price/litre 70 Price/10g


    Q 500 Q 300 Q

    Price/ml 20 Price/litre 140 Price/10g


    Q ? ?
    MARKET C: JEWELLERY

    48000
    1

    96000
    ?
    MARKET A: BEVERAGES MARKET B: PETROL

    Price/ ml 10 Price/litre 70 Price/10g


    Q 500 Q 300 Q

    Price/ml 20 Price/litre 140 Price/10g


    Q 250 Q 250 Q

    Slope ? ?
    Slope Inverse ? ?
    MARKET C: JEWELERY

    48000
    1

    96000
    0.25

    ?
    ?
    MARKET A: BEVERAGES MARKET B: PETROL

    Price/ ml 10 Price/litre 70 Price/10g


    Q 500 Q 300 Q

    Price/ml 20 Price/litre 140 Price/10g


    Q 250 Q 250 Q

    Delta Q -250 -50


    Delta P 10 70

    Slope -0.04 -1.4


    Slope Inverse -25 -0.714286

    Elasticity ? ?
    MARKET C: JEWELERY

    48000
    1

    96000
    0.25

    -0.75
    48000

    -64000 Seems
    -1.56E-05 OK?

    ?
    MARKET A: BEVERAGES MARKET B: PETROL

    Price/ ml 10 Price/litre 70
    Q 500 Q 300

    Price/ml 20 Price/litre 140


    Q 250 Q 250

    Delta Q -250 -50


    Delta P 10 70

    Slope -0.04 -1.4


    Slope Inverse -25 -0.714286

    Price Elasticity (initial) -0.5 -0.166667


    Price Elasticity (final) -2 -0.4

    Arc Elasticity ? ?
    MARKET C: JEWELERY

    Price/10g 48000
    Q 1

    Price/10g 96000
    Q 0.25

    -0.75
    48000

    -64000
    -1.56E-05

    -0.75
    -6

    ?
    MARKET A: BEVERAGES MARKET B: PETROL

    Price/ ml 10 Price/litre 70 Price/10g


    Q 500 Q 300 Q

    Price/ml 20 Price/litre 140 Price/10g


    Q 250 Q 250 Q

    Delta Q -250 -50


    Delta P 10 70

    Slope -0.04 -1.4


    Slope Inverse -25 -0.714286

    Price Elasticity (orig) -0.5 -0.166667


    Price Elasticity (new) -2 -0.4

    Arc Elasticity
    Delta Q -250 -50
    Delta P 10 70
    Average Q 375 275
    Average P 15 105
    -1 -0.272727
    MARKET C: JEWELERY

    48000
    1

    96000
    0.25

    -0.75
    48000

    -64000
    -1.56E-05

    -0.75
    -6

    -0.75
    48000
    0.625
    72000
    -1.8

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