--%>

Selling price by price elasticity of unitary demand

At the point upon the demand curve for Silver Screen Classic DVDs, here the price elasticity of demand is unitary, the price would be approximately: (i) $10, resulting in roughly 8 million DVDs being sold. (ii) $13, resulting in approximately 6.5 million DVDs being sold. (iii) $16, resulting in about 5 million DVDs being sold. (iv) $20, resulting in around 3 million DVDs being sold. (v) $23.50, resulting in approximately 1million DVDs being sold.

 

1624_maximize profit.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Competition from poor substitutes A

    A firm in an industry which is a pure monopoly faces as: (w) many competitors from into the industry. (x) competition from only poor substitutes produced in other industries. (y) a market demand curve which is horizontal. (z) prosecution when it impor

  • Q : Long-run supply curve in constant cost

    When cranberries are a constant cost industry and that firm is typical, in that case the industry’s long-run supply curve is curve as: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

    Q : Collective bargaining agreement Provide

    Provide the solution of this question. A COLA is a clause in a collective bargaining agreement that: 1) specifies that one or more soft drink machines be available in each plant. 2) requires nonunion workers nevertheless to pay union dues. 3) automatically adjusts vac

  • Q : Needs Standard for Income Distribution

    The needs standard for income distribution would certainly involve: (w) difficulty in the measurement of productivity. (x) an enormous bureaucracy. (y) greater incentives for production than the contribution standard. (z) economic ef

  • Q : Define Ex-ante aggregate demand Define

    Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.

  • Q : Barriers to entry A barrier to entry

    A barrier to entry is: (w) an impediment for firms to expand their output capacity. (x) a limit to the number of entrants to a monopolist industry. (y) an obstacle which makes this hard for new firms to enter the industry. (z) the fixed cost to a pote

  • Q : External firms enter the industry When

    When most firms in a monopolistically competitive industry currently realize economic profits: (w) a natural monopoly will eventually emerge. (x) external firms will enter the industry. (y) long run accounting profits must be zero. (z

  • Q : Profit-maximizing monopolists I have a

    I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

  • Q : Import car market in equilibrium before

    While the import car market is in equilibrium before the government restricts car imports to Q1, the price which buyers will pay for an import as: (1) falls from P0 to P1. (2) is stable, although dealer profits fall by

  • Q : Interest rate in Determinants of Demand

    The demand curves for most of the nondurable consumer goods would be least influenced by modifications in: (i) Interest rates. (ii) House-hold income. (iii) Prices for related goods. (iv) Tastes and preferences. Ca