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# Please answer questions 2, 3,4, 5 demanded by no more/leserseny e the price elasticity of demand...

## Question

###### Please answer questions 2, 3,4, 5 demanded by no more/leserseny e the price elasticity of demand...

demanded by no more/leserseny e the price elasticity of demand 2. If a firm can sell 3.000 units of product A at SIO per unit and 5.000 at 58, then the price elasticny of demand is (value) and it is (elastic/inelastic): (show your work) The price of product X is reduced from \$100 to \$90 and, as a result, the quantity demanded increases from 50 1000 units. Therefore, demand for X in this price range is is (value) and it is (elastic/inelastic). (explain your answer) 5. What's true about elasticity of demand when total revenue maximized? Explain your answer. Suppose the price elasticity of demand for bread is 0.20. If the price of bread fails by 10 percent, the quantity demanded Fll increase by: (show your work).

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