The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
1,20
45
------------------
1,40
40
1,60
35
1,80
30
2,00
25
2,20
20
2,40
15
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 34 per CD, 15,000 000 CDs per year are supplied. When the price is $ 27 per CD, 10,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $14 to $ 9 causes an increases in the quantity of Y demanded from 840 to 1 000 units. What is the cross elasticity of demand between X and Y.
A 20 percent increase in the quantity of spinach demanded results from a 34 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 3. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
5,60
18
------------------
5,10
23
4,60
28
4,10
33
3,60
38
3,10
43
2,60
48
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 10 per CD, 18,000 000 CDs per year are supplied. When the price is $ 15 per CD, 36,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $16 to $ 11 causes an increases in the quantity of Y demanded from 570 to 980 units. What is the cross elasticity of demand between X and Y.
A 20 percent increase in the quantity of spinach demanded results from a 4 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 4. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
2,10
30
------------------
2,25
27
2,40
24
2,55
21
2,70
18
2,85
15
3,00
12
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 10 per CD, 28,000 000 CDs per year are supplied. When the price is $ 12 per CD, 33,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $10 to $ 5 causes an increases in the quantity of Y demanded from 790 to 1 200 units. What is the cross elasticity of demand between X and Y.
A 16 percent increase in the quantity of spinach demanded results from a 30 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 5. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
6,10
14
------------------
5,80
18
5,50
22
5,20
26
4,90
30
4,60
34
4,30
38
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 11 per CD, 24,000 000 CDs per year are supplied. When the price is $ 16 per CD, 37,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $14 to $ 8 causes an increases in the quantity of Y demanded from 990 to 1 340 units. What is the cross elasticity of demand between X and Y.
A 18 percent increase in the quantity of spinach demanded results from a 6 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 6. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
0,90
38
------------------
1,50
34
2,10
30
2,70
26
3,30
22
3,90
18
4,50
14
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 21 per CD, 19,000 000 CDs per year are supplied. When the price is $ 15 per CD, 8,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $9 to $ 5 causes an increases in the quantity of Y demanded from 830 to 1 250 units. What is the cross elasticity of demand between X and Y.
A 5 percent increase in the quantity of spinach demanded results from a 12 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 7. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
0,50
70
------------------
0,70
60
0,90
50
1,10
40
1,30
30
1,50
20
1,70
10
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 17 per CD, 40,000 000 CDs per year are supplied. When the price is $ 14 per CD, 36,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $14 to $ 7 causes an increases in the quantity of Y demanded from 730 to 990 units. What is the cross elasticity of demand between X and Y.
A 12 percent increase in the quantity of spinach demanded results from a 9 percent decline in its price. The price elasticity of demand for spinach is _____________.
Variant 8. Theme: Elasticity
The table shows quantity demanded at different price level.
Price ($) P
Quantity demanded
(units) Qd
Total Revenue ($)
Price elasticity coefficient
2,90
14
------------------
2,50
20
2,10
26
1,70
32
1,30
38
0,90
44
0,50
50
Questions:
Calculate TR for each price and fill in the table;
Calculate price elasticity coefficient for each price;
Compare coefficient and TR.
When the price of a CD is $ 16 per CD, 35,000 000 CDs per year are supplied. When the price is $ 19 per CD, 47,000 000 CDs per year are supplied. What is the elasticity of supply for CDs.
A fall in the price of X from $15 to $ 12 causes an increases in the quantity of Y demanded from 940 to 1 300 units. What is the cross elasticity of demand between X and Y.
A 6 percent increase in the quantity of spinach demanded results from a 15 percent decline in its price. The price elasticity of demand for spinach is _____________.