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Example For Elastic

This document contains 6 examples analyzing demand elasticity and income elasticity. Example 1 discusses Cecilia's sales of bangus fish at different prices. Example 2 examines Cristel's sales of tilapia at different prices. Example 3 looks at Mina's sales of tuyo fish at different prices. Example 4 analyzes Claire's sales of daing at different prices. Example 5 considers Cerrine's consumption of chicken at different income levels. Example 6 examines Aling Laura's consumption of tuyo at different income levels. All the examples are used to determine the price elasticity or income elasticity of different goods.

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Daphnie Lei Guzman Pascua-Salvador
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2K views6 pages

Example For Elastic

This document contains 6 examples analyzing demand elasticity and income elasticity. Example 1 discusses Cecilia's sales of bangus fish at different prices. Example 2 examines Cristel's sales of tilapia at different prices. Example 3 looks at Mina's sales of tuyo fish at different prices. Example 4 analyzes Claire's sales of daing at different prices. Example 5 considers Cerrine's consumption of chicken at different income levels. Example 6 examines Aling Laura's consumption of tuyo at different income levels. All the examples are used to determine the price elasticity or income elasticity of different goods.

Uploaded by

Daphnie Lei Guzman Pascua-Salvador
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Example No.

1
Cecilia sells bangus for Php 100 and her
Qd1=500.When she decides to sell it for Php 125, her Qd2
becomes 450. Should Cecilla sell her bangus at Php 100 or
Php 125? Is Qd elastic or inelastic?
Example No.2
If Cristel sells tilapia for Php 80 per kilo, the
demand for it is 200. When she raises it by 20, the
quantity demanded diminishes to 100. At what
price will Cristel maximize her profit? Is the
demand elastic or inelastic?
Example No.3
Mina sells tuyo for Php 20 per pack and gets 200
packs quantity demanded. However, if she lowers her
price to Php 15. quantity demanded doubles. Is the
demand for tuyo elastic or inelastic? At what price will
Mina get bigger revenue?
Example No.4
Claire sells daing for Php 50. At this price, she is
able to sell 200 units of daing. When she decided to cut
its price by half, she noticed that she is able to sell 220
units. By selling 220 units, did Claire raise her profit?
Example No.1-Income Elasticity
Cerrine earns a monthly salary of Php 5,000 and
she consumes Php 1,000 worth of chicken per month
When her income increased by Php 2,500/month, she
started t o consume Php 2,000 worth of chicken meat a
month. Is Cerrine’s demand for chicken meat normal,
inferior, necessity or luxury?
Example No.2-Income Elasticity
Every month, Aling Laura earns Php 5,000 as a
fishball vendor. During this period she also consumes
Php 100 worth of tuyo. When her income increased by
Php 2,500, she began lessening her monthly
consumption of tuyo to Php 50. From the given, is tuyo
a normal, an inferior, or a basic good for Aling Laura?

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