Purchase Solution
Point Price Elasticity
Not what you're looking for?
If P1 =$5, Q1 =10,000, P2=$6 and Q2=5000, then at point P2 the point price elasticity Ep equals:
a. -6
b. -2.5
c. -4.25
d. -0/12
Purchase this Solution
Solution Summary
The solution answers the question(s) below.
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.