1. Price of a product increased from $10 to $14. The quantity demanded decreased from 88 to 80 un


1. Price of a product increased from $10 to $14. The quantity demanded decreased from 88 to 80 unit

Using the formulas above: 

  1. Calculate the price elasticity of demand
  2. Is the product elastic or inelastic?
  3. What could this product be? give an example 

2. The next two questions refer to the following curves

  1. Which of the following demand curves is likely to be the demand of a marijuana drug user and which is likely to be the curve of an opioid user? Why? 
  2. If the government funded schools to have educational campaigns against drug use, show on the curve how the demand for drugs will be affected? 

Coefficient of price elasticity of demand=
% change in quantity demanded

% change in price
Percentage change=
new value ?? old value

Old value

We offer the bestcustom writing paper services. We have done this question before, we can also do it for you.

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.