Price Elasticity
Price Elasticity
48000
1
96000
?
MARKET A: BEVERAGES MARKET B: PETROL
Slope ? ?
Slope Inverse ? ?
MARKET C: JEWELERY
48000
1
96000
0.25
?
?
MARKET A: BEVERAGES MARKET B: PETROL
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
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
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