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Elasticity Physics Questions And Answers WordPress.com. The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula., Elasticity physics quiz, elasticity physics MCQs answers, learn 9th grade physics online courses. Elasticity physics multiple choice questions and answers pdf: formula we use to find stress is for online physics II courses distance learning..

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Elasticity Physics MCQs Quiz Questions Answers - 9th. Please select an answer No, this would only be the case if the income elasticity was 2. If income elasticity is positive, then, if income increases, there will always be an increase in demand. If income elasticity is positive, then, if income increases, there will always be an increase in demand., Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the.

вЂњOwnвЂќ price elasticity of demand The price elasticity of demand can be calculated at a specific price and quantity. This is called the point price elasticity and is different at every price. To calculate point price elasticity use the formula 1 1 Q P P Q Po price elasticity EP or P int is the slope of the demand function P Q P1 is the original price Q1 is the original quantity The average The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment.

1. When a certain weight is suspended from a long uniform wire, its length increases by one cm. If the same weight is suspended from another wire of the same material and length but having a diameter half of the first one then the increase in length will be . The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a

Your answers to the questions above should be b, e, b, a, and b. Elasticity is a concept used routinely by Elasticity is a concept used routinely by economists. 6000, 7000, and 8000 movie tickets, makes no difference in determining elasticity in Table 20.1. Price elasticity of demand is determined by comparing the percentage change in price and the percentage change in quantity demanded.

The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula. Elasticity Of Demand Questions And Answers Pdf You, the economist, have calculated the elasticity of demand for chocolate in her town to be 2.5.

The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment. 3 Answers to Example Questions Example 1: You are given market data that says when the price of pizza is \$4, the quantity demanded of pizza is 60 slices and the quantity demanded of вЂ¦

The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment. On this page you can read or download elasticity chapter pdf questions and answers target publications in PDF format. If you don't see any interesting for you, use our search form on bottom в†“ .

Answer: D Topic: Elasticity Along a Straight-Line Demand Curve Skill: Analytical 20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices. Answer: C . 138 CHAPTER 4 Price (dollars per bushel Answer: Theformulawederivedinclasswas B =(1 / 2) epqt 2 where e is the elasticity of demand, p and q are the pre-tax price and quantity, and t is the ad valorem

Find Elasticity in Physics questions and answers tests for free which will help you to pass various entrance examination like Medical, Engineering, MBA, Railways, Banking etc. Page.4 The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula.

Elasticity Physics Questions And Answers WordPress.com. Practice Questions and Answers from Lesson I -4: Demand and Supply 1 Practice Questions and Answers from Lesson I -4: Demand and Supply The following questions practice these skills: Describe when demand or supply increases (shifts right) or decreases (shifts left). Identify a competitive equilibrium of demand and supply. Describe the equilibrium shifts when demand or supply increases вЂ¦, The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a.

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Economics Interview Questions and Answers. Questions microeconomics (with answers), questions microeconomics (with answers) 2a elasticities 01 price elasticity of demand 1 if the price rises by 3 %, the quantity demanded falls by 15 % calculate the price elasticity, On this page you can read or download elasticity chapter pdf questions and answers target publications in PDF format. If you don't see any interesting for you, use our search form on bottom в†“ ..

Elasticity Physics Questions And Answers WordPress.com. Questions microeconomics (with answers), questions microeconomics (with answers) 2a elasticities 01 price elasticity of demand 1 if the price rises by 3 %, the quantity demanded falls by 15 % calculate the price elasticity, Elasticity Physics Questions And Answers Practical Exam Young's Modulus - Viva Voice Question With Answer Science Class 11 Physics Define elasticity..

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Elasticity Of Demand Questions And Answers Pdf. Elasticity physics quiz, elasticity physics MCQs answers, learn 9th grade physics online courses. Elasticity physics multiple choice questions and answers pdf: formula we use to find stress is for online physics II courses distance learning. QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1.

Basic Exercises economicsentrance.weebly.com dseentrance.com 4 Budget Constraint Practice Problems 1. a) Graph the budget constraint for a consumer who can buy either of two goods, X QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1

3. What is a retention bonus? A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. 6000, 7000, and 8000 movie tickets, makes no difference in determining elasticity in Table 20.1. Price elasticity of demand is determined by comparing the percentage change in price and the percentage change in quantity demanded.

Practice Questions and Answers from Lesson I -7: Elasticity 4 change is measured for the second good. Good Cross-price elasticities of demand вЂњOwnвЂќ price elasticity of demand The price elasticity of demand can be calculated at a specific price and quantity. This is called the point price elasticity and is different at every price. To calculate point price elasticity use the formula 1 1 Q P P Q Po price elasticity EP or P int is the slope of the demand function P Q P1 is the original price Q1 is the original quantity The average

Elasticity physics quiz, elasticity physics MCQs answers, learn 9th grade physics online courses. Elasticity physics multiple choice questions and answers pdf: formula we use to find stress is for online physics II courses distance learning. 3 Answers to Example Questions Example 1: You are given market data that says when the price of pizza is \$4, the quantity demanded of pizza is 60 slices and the quantity demanded of вЂ¦

Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the

1. When a certain weight is suspended from a long uniform wire, its length increases by one cm. If the same weight is suspended from another wire of the same material and length but having a diameter half of the first one then the increase in length will be . The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment.

4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week. This lesson worksheet / quiz provides multiple choice, short answer and fill in the blank questions covering price elasticity of demand. The quiz can be downloaded here (in pdf format) along with a quiz with answers included

QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1 3. What is a retention bonus? A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone.

The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment. This set of Strength of Materials Multiple Choice Questions & Answers (MCQs) focuses on вЂњElasticityвЂќ. 1. The property by which a body returns to its original shape after removal of the force, is called

Elasticity physics quiz, elasticity physics MCQs answers, learn 9th grade physics online courses. Elasticity physics multiple choice questions and answers pdf: formula we use to find stress is for online physics II courses distance learning. On this page you can read or download elasticity chapter pdf questions and answers target publications in PDF format. If you don't see any interesting for you, use our search form on bottom в†“ .

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Elasticity Strength of Materials Questions and Answers. Elasticity Of Demand Questions And Answers Pdf You, the economist, have calculated the elasticity of demand for chocolate in her town to be 2.5., Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the.

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Physics Questions ELASTICITY MULTIPLE CHOICE QUESTIONS. Chapter 4 - Elasticity - Sample Questions MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question., Practice Questions and Answers from Lesson I -7: Elasticity 4 change is measured for the second good. Good Cross-price elasticities of demand.

Please select an answer No, this would only be the case if the income elasticity was 2. If income elasticity is positive, then, if income increases, there will always be an increase in demand. If income elasticity is positive, then, if income increases, there will always be an increase in demand. Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning.

The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1

Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning. Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning.

Elasticity Of Demand Questions And Answers Pdf You, the economist, have calculated the elasticity of demand for chocolate in her town to be 2.5. QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1

CHAPTER 4: DEMAND AND ELASTICITY WORKSHEET . Definition of . Elasticity of Demand: It is a measure of how responsive quantity is to a price change. The . higher. the measure then the . more responsive. consumers will be to a change in price. The . lower. the measure then the . less responsive. consumers will be to a change in price. 1. The elasticity of demand is _____ in the _____ run вЂ¦ Elasticity Physics Questions And Answers Practical Exam Young's Modulus - Viva Voice Question With Answer Science Class 11 Physics Define elasticity.

In economics, elasticity is how we measure how much one thing reacts to changes in another. It considers how the price of something affects factors such as how many goods will sell, how price changes affect the sales of other goods, and how people react to вЂ¦ The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a

3 Answers to Example Questions Example 1: You are given market data that says when the price of pizza is \$4, the quantity demanded of pizza is 60 slices and the quantity demanded of вЂ¦ The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a

Practice Questions and Answers from Lesson I -7: Elasticity 4 change is measured for the second good. Good Cross-price elasticities of demand In economics, elasticity is how we measure how much one thing reacts to changes in another. It considers how the price of something affects factors such as how many goods will sell, how price changes affect the sales of other goods, and how people react to вЂ¦

Practice Questions and Answers from Lesson I -7: Elasticity 4 change is measured for the second good. Good Cross-price elasticities of demand The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula.

Answer: D Topic: Elasticity Along a Straight-Line Demand Curve Skill: Analytical 20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices. Answer: C . 138 CHAPTER 4 Price (dollars per bushel QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1

Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning. DOWNLOAD CHAPTER 4 ELASTICITY SAMPLE QUESTIONS MULTIPLE CHOICE chapter 4 elasticity sample pdf A fundamental building block of economic theory is the fact that increasing (or decreasing) the price of a

Your answers to the questions above should be b, e, b, a, and b. Elasticity is a concept used routinely by Elasticity is a concept used routinely by economists. In economics, elasticity is how we measure how much one thing reacts to changes in another. It considers how the price of something affects factors such as how many goods will sell, how price changes affect the sales of other goods, and how people react to вЂ¦

3-4 The Elasticity Concept Using Calculus An alternative way to measure the elasticity of a function G = f(S) is G S dS dG EG,S = If EG,S > 0, then S and G are directly related. 3 Answers to Example Questions Example 1: You are given market data that says when the price of pizza is \$4, the quantity demanded of pizza is 60 slices and the quantity demanded of вЂ¦

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1. When a certain weight is suspended from a long uniform wire, its length increases by one cm. If the same weight is suspended from another wire of the same material and length but having a diameter half of the first one then the increase in length will be . 4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week.

Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview Questions related to the Continuum Mechanics Division of Elasticity. The bending of beams, deflection of rods, or in general, applications of Hooke's Law generalized to three dimensions.

Answer: D Topic: Elasticity Along a Straight-Line Demand Curve Skill: Analytical 20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices. Answer: C . 138 CHAPTER 4 Price (dollars per bushel Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning.

Answer: D Topic: Elasticity Along a Straight-Line Demand Curve Skill: Analytical 20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices. Answer: C . 138 CHAPTER 4 Price (dollars per bushel Answer: D Topic: Elasticity Along a Straight-Line Demand Curve Skill: Analytical 20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices. Answer: C . 138 CHAPTER 4 Price (dollars per bushel

Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the DOWNLOAD CHAPTER 4 ELASTICITY SAMPLE QUESTIONS MULTIPLE CHOICE chapter 4 elasticity sample pdf A fundamental building block of economic theory is the fact that increasing (or decreasing) the price of a

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Lesson Worksheet Price Elasticity of Demand tutor2u. 3-4 The Elasticity Concept Using Calculus An alternative way to measure the elasticity of a function G = f(S) is G S dS dG EG,S = If EG,S > 0, then S and G are directly related., In economics, elasticity is how we measure how much one thing reacts to changes in another. It considers how the price of something affects factors such as how many goods will sell, how price changes affect the sales of other goods, and how people react to вЂ¦.

Elasticity Strength of Materials Questions and Answers. Practice Questions and Answers from Lesson I -4: Demand and Supply 1 Practice Questions and Answers from Lesson I -4: Demand and Supply The following questions practice these skills: Describe when demand or supply increases (shifts right) or decreases (shifts left). Identify a competitive equilibrium of demand and supply. Describe the equilibrium shifts when demand or supply increases вЂ¦, Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview.

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Elasticity Of Demand Questions And Answers Pdf. The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula. Elasticity physics quiz, elasticity physics MCQs answers, learn 9th grade physics online courses. Elasticity physics multiple choice questions and answers pdf: formula we use to find stress is for online physics II courses distance learning..

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• This set of Strength of Materials Multiple Choice Questions & Answers (MCQs) focuses on вЂњElasticityвЂќ. 1. The property by which a body returns to its original shape after removal of the force, is called Your answers to the questions above should be b, e, b, a, and b. Elasticity is a concept used routinely by Elasticity is a concept used routinely by economists.

In economics, elasticity is how we measure how much one thing reacts to changes in another. It considers how the price of something affects factors such as how many goods will sell, how price changes affect the sales of other goods, and how people react to вЂ¦ This lesson worksheet / quiz provides multiple choice, short answer and fill in the blank questions covering price elasticity of demand. The quiz can be downloaded here (in pdf format) along with a quiz with answers included

Elasticity Of Demand Questions And Answers Pdf You, the economist, have calculated the elasticity of demand for chocolate in her town to be 2.5. Physics elasticity quiz, physics elasticity MCQs answers, learn 9th grade physics online courses. Physics elasticity multiple choice questions and answers pdf: force acting on unit area on surface is called for online physics problems courses distance learning.

Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment.

3. What is a retention bonus? A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. 4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week.

The elasticity of demand at any point is the price-quantity ratio at that point multiplied by the reciprocal of the slope of the demand curve. The slope, and hence its reciprocal, is constant along a Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the

The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula. Please select an answer No, this would only be the case if the income elasticity was 2. If income elasticity is positive, then, if income increases, there will always be an increase in demand. If income elasticity is positive, then, if income increases, there will always be an increase in demand.

4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week. The questions below are meant to be answered using the simple elasticity formulas. On several of the questions you will find that you can work with the general formulas of the type: In some cases in the detailed answers we'll supply the numeric value that one would obtain using the arc formula.

3 Answers to Example Questions Example 1: You are given market data that says when the price of pizza is \$4, the quantity demanded of pizza is 60 slices and the quantity demanded of вЂ¦ Please select an answer No, this would only be the case if the income elasticity was 2. If income elasticity is positive, then, if income increases, there will always be an increase in demand. If income elasticity is positive, then, if income increases, there will always be an increase in demand.

CHAPTER 4: DEMAND AND ELASTICITY WORKSHEET . Definition of . Elasticity of Demand: It is a measure of how responsive quantity is to a price change. The . higher. the measure then the . more responsive. consumers will be to a change in price. The . lower. the measure then the . less responsive. consumers will be to a change in price. 1. The elasticity of demand is _____ in the _____ run вЂ¦ вЂњOwnвЂќ price elasticity of demand The price elasticity of demand can be calculated at a specific price and quantity. This is called the point price elasticity and is different at every price. To calculate point price elasticity use the formula 1 1 Q P P Q Po price elasticity EP or P int is the slope of the demand function P Q P1 is the original price Q1 is the original quantity The average

Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview The elasticity of demand determines the change in the quantity of labor demanded, the elasticity of supply determines the change in the quantity of labor supplied, and the difference between the quantities supplied and demanded of labor is the amount of unemployment.

QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1 Chapter 4 вЂ“ Elasticity 2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the

Basic Exercises economicsentrance.weebly.com dseentrance.com 4 Budget Constraint Practice Problems 1. a) Graph the budget constraint for a consumer who can buy either of two goods, X DOWNLOAD CHAPTER 4 ELASTICITY SAMPLE QUESTIONS MULTIPLE CHOICE chapter 4 elasticity sample pdf A fundamental building block of economic theory is the fact that increasing (or decreasing) the price of a

Questions related to the Continuum Mechanics Division of Elasticity. The bending of beams, deflection of rods, or in general, applications of Hooke's Law generalized to three dimensions. 4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week.

Answer: Theformulawederivedinclasswas B =(1 / 2) epqt 2 where e is the elasticity of demand, p and q are the pre-tax price and quantity, and t is the ad valorem 6000, 7000, and 8000 movie tickets, makes no difference in determining elasticity in Table 20.1. Price elasticity of demand is determined by comparing the percentage change in price and the percentage change in quantity demanded.

Economics interview questions and answers for freshers and experienced - List of Economics questions with answers that might be asked during an interview 4-2 Active Review Questions Fill in the blank 1. When you drop by the only coffee shop in your neighborhood, you notice that the price of a cup of coffee has increased considerably since last week.

DOWNLOAD CHAPTER 4 ELASTICITY SAMPLE QUESTIONS MULTIPLE CHOICE chapter 4 elasticity sample pdf A fundamental building block of economic theory is the fact that increasing (or decreasing) the price of a Elasticity MCQs Quiz Online PDF Download. Learn elasticity MCQs, GCE A level physics online test for distance education, online courses prep. Practice mechanics and properties of matter multiple choice questions (MCQs), elasticity quiz questions and answers.

QMICR2.DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1 Questions microeconomics (with answers), questions microeconomics (with answers) 2a elasticities 01 price elasticity of demand 1 if the price rises by 3 %, the quantity demanded falls by 15 % calculate the price elasticity

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