LS0881: Alpha Ltd market share was declining due to high competition in the market so it decided to enter a new segment. It wanted to determine the relationship between change in the quantity demanded of the product due to change in the price of the product in the market. Assume that at the price of 100, the demand for the product is 400 units. If the price of the product increases to 120, the demand decreases to 250 units. Calculate the price elasticity

$1.99

SKU: 64e8c923231b

Downloadable Assignment Solution

Buy this solution and download mba assignment solution instantly after secured paypal payment.

Question: Alpha Ltd market share was declining due to high competition in the market so it decided to enter a new segment. It wanted to determine the relationship between change in the quantity demanded of the product due to change in the price of the product in the market. Assume that at the price of 100, the demand for the product is 400 units. If the price of the product increases to 120, the demand decreases to 250 units. Calculate the price elasticity:

a) Using Arc elasticity method

b) Using Percentage method


Complete MBA Assignments Solution

You can buy complete assignment solution. Visit yours university link from top menu and buy online. You can also post your assignment requirement through email, so our expert assignments tutor will solved your problem.

Become Premium Member

30 Days Validity – Rs. 2,000/- Only. Buy MBA Assignment Membership.

3 Months Vailidy – Rs. 5,000/- Only. Buy MBA Assignment Membership.

1 Year Validity – Rs. 10,000/- only. Buy MBA Assignment Membership.

Study Link

You can study this assignment question from this link. Visit Now for MBA Assignment

Answer Blurr Actual Answer after purchase