--%>

Price elasticity of demand at prevailing prices

At prevailing prices, there the price elasticity of demand for that good would be lowest: (w) Coca Cola. (x) Generic soda. (y) Water. (z) Dasani bottled water.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Calculating Economic and Accounting

    Can someone help me in finding out the right answer from the given options. Net sales revenue of the Rusty Key Corporation for the year 2005 is $190,000. The net explicit costs incurred were $70,000, and net implicit costs were $65,000. The accounting profit is ____ a

  • Q : Pepsi and Coke market Some of the

    Some of the consumers strongly prefer Pepsi and some strongly prefer Coke. Thus there is no single market for colas. This statement is true or false ? Explain.This statement is false. Although some people have strong preferences for a specific

  • Q : Attribute Demand Curve for Bonds A

    A demand curve for bonds moving to the right is probably to be attributable to: (w) a business cycle recession. (x) lower expected (future) interest rates. (y) an increase into the expected rate of inflation. (z) an increase in the liquidity of altern

  • Q : Measurement of arc price elasticity

    Measures of arc price elasticity tend to be more accurate and precise than measures of point price elasticity since: (w) arc elasticity is more sensitive to the dependent variable. (x) point elasticity is additionally sensitive to the independent vari

  • Q : Featherbedding-Blacklisting-Yellow Dog

    Can someone please help me in finding out the accurate answer from the following question. Practices that were common in the labor markets however that are now illegal comprise: (i) Boycotting, scabbing and shirking. (ii) Sweetheart deals assembly line speedups and st

  • Q : Profit maximized by nondiscriminating

    A nondiscriminating unregulated monopolist maximizes profit by: (w) charging the highest price the market will bear. (x) often changing designs and building in planned obsolescence. (y) setting marginal costs equal to marginal revenue [MC = MR]. (z) s

  • Q : Example of price elasticity of demand

    At P = $100, there 50 tons of Garden-Rich fertilizer are demanded within Patagonia; at P = $80, there quantity demanded is 70 tons. Therefore price elasticity of demand for fertilizer: (w) 5/8. (x) 3/2. (y) 4/5. (z) 2/3.

  • Q : Demand rises for relatively price

    Alyssa’s Floral Shoppe dropped its prices for a dozen roses by $45 to $35 this annum. Due to this decrease into price, the quantity sold increased from 1000 to 1500. The demand for Alyssa’s rises is: (1) perfectly price elastic. (2) relati

  • Q : Transformation of Predictable Income

    The transformation of predictable income streams within wealth is termed as: (i) monetization. (ii) financial arbitrage. (iii) capitalization. (iv) seignorage. (v) capital accumulation. How can I solve my E

  • Q : Demand and Supply-Production to double

    When Mary usually quaffs three glasses of Lost Horizons Cabernet Sauvignon every day, her demand for her favorite vintage will be least probable affected by: (i) The plague of grape worms ruining the bouquet of Lost Horizons Cabernet (ii) Receiving a $2 an hour pay hi