# Write a Report - Economics

Task 1 - What is the midpoint method for calculating price elasticity of demand? How else can the price elasticity of demand be calculated? What is the advantage of the midpoint formula?

Task 2 - What are the key determinants of the price elasticity of demand for a product? What determinant is the most important?

Task 3 - In 2003, when music downloading first took off, Universal Music slashed the average price of a CD from \$21 to \$15. The company expected the price cut to boost the quantity of CDs sold by 30 per cent, other things remaining the same. What was Universal Music’s estimate of the price elasticity of demand for CDs? If you were making the pricing decision at Universal Music, what would be your pricing decision? Explain your decision.

Task 4 - In May 2009, iTunes raised the price of 33 songs from 99¢ per download to \$1.29 per download. In the week following the price rise, the quantity of downloads of these 33 songs fell 35 per cent. Taking this into account calculate the price elasticity of demand for these 33 songs.

Task 5 - A 5 per cent fall in the price of chocolate sauce increases the quantity of chocolate sauce demanded by 10 per cent; and with no change in the price of ice cream, the quantity of ice cream demanded increases by 15 per cent. Calculate the price elasticity of demand for chocolate sauce. Calculate the cross elasticity of demand for ice cream with respect to the price of chocolate sauce. Are ice cream and chocolate sauce substitutes or complements? Why?

Keahlian: Penulisan Laporan

Tentang Pemberi kerja:
( 17 ulasan ) melbourne, Australia

ID Proyek: #12203299

\$45 AUD dalam 2 hari
(287 Ulasan)
7.4

## 9 freelancer menawar dengan rata-rata \$59 untuk pekerjaan ini

writerforum91

\$100 AUD dalam 1 hari
(169 Ulasan)
7.0
NoelReubenMuturi

Hello, kindly contact me through https://www.freelancer.com/u/NoelReubenMuturi.html I am Noel. I have read your brief; you need assistance with completing your academic research project. I am an experienced academi Lebih banyak

\$100 AUD dalam 3 hari
(146 Ulasan)
6.6
Karmike

G'day mate! I would like to offer you my services to complete your task. I have catered this industry for the past 4 years and counting and would consider myself to be the best candidate for the job. Kindly allow me Lebih banyak

\$15 AUD dalam 1 hari
(45 Ulasan)
5.5
kaaouma

I'm a Bachelor degree of commerce and a master degree holder in strategic management.I have worked in different multi-national companies in report writing,white papers,proofreading,editing,research,proposal,typing etc Lebih banyak

\$45 AUD dalam 1 hari
(27 Ulasan)
4.7
lokendrasharma89

Hello Sir,I can easily answer your questions related to elasticity in Economics as I have a deep knowledge about this subject.I will complete this project in stipulated time and within your budget for sure.I have worke Lebih banyak

\$25 AUD dalam 1 hari
(48 Ulasan)
5.0
Jannatun90

Hi, I am a specialized writer, and I have some skilled article writers. I always confirm the articles while transferring to the client. Do not be anxious about the deadline. I am excited to come for your reply. Thanks Lebih banyak

\$66 AUD dalam 3 hari
(17 Ulasan)
4.6
ProWriter2030

Dear Client, I have keenly taken note of your project, and I am interested in working on it and delivering according to your specifications. I am ready to start immediately and give you regular updates on the progre Lebih banyak

\$55 AUD dalam 1 hari
(10 Ulasan)
3.8
Hoffman24

Hi,Do you need a well written business plan for your business? I am here to help you build a comprehensive and investor-ready plan. I’ll just require you to fill out a questionnaire and then all you need do is sit back Lebih banyak

\$100 AUD dalam 3 hari
(0 Ulasan)
0.0
ColbySlater

"As an experienced and dedicated writer who has and established reputation and the proven ability to excel in short, exceptional, accurate, far-reaching, and high-quality reports, I don’t just jump into the content. I Lebih banyak

\$25 AUD dalam 1 hari
(0 Ulasan)
0.0