关于economic一道题~Income elasticity of demand All foods 0.10 Beef 0.26 Margarine -0.22 Fresh potatoes -0.43 Fruit juices 0.95 Bread -0.18 Price elasticity of demand Beef -1.24 Bread -0.25 Fresh potatoes -0.14 Fruit juices -0.65 Margarine -0.37
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关于economic一道题~Income elasticity of demand All foods 0.10 Beef 0.26 Margarine -0.22 Fresh potatoes -0.43 Fruit juices 0.95 Bread -0.18 Price elasticity of demand Beef -1.24 Bread -0.25 Fresh potatoes -0.14 Fruit juices -0.65 Margarine -0.37
关于economic一道题~
Income elasticity of demand
All foods 0.10
Beef 0.26
Margarine -0.22
Fresh potatoes -0.43
Fruit juices 0.95
Bread -0.18
Price elasticity of demand
Beef -1.24
Bread -0.25
Fresh potatoes -0.14
Fruit juices -0.65
Margarine -0.37
You are the owner of a grocery store.How would you increase the total revenue of the following products based on information of the price elasticities given in the table above?
a.beef
b.fresh potatoes
关于economic一道题~Income elasticity of demand All foods 0.10 Beef 0.26 Margarine -0.22 Fresh potatoes -0.43 Fruit juices 0.95 Bread -0.18 Price elasticity of demand Beef -1.24 Bread -0.25 Fresh potatoes -0.14 Fruit juices -0.65 Margarine -0.37
希望你能理解IED和PED
IED中,正值的是高收入消费的相对奢侈品,负值的是质量次的东西;
ped中,负值越大,加价空间越小.
这样就好理解了:
beef,相对奢侈品,加价空间小;fresh potatoes,次品,加价空间大.
哎,就是经济条件好的话就多卖beef,价格不要升的太高;
社会经济不好的话,像现在,就多卖potatoes,狠狠加价,鱼肉老百姓.
道理是这个样子,可是看起来不舒服.