1. kone
... . Ed = %Æ' • Q/ %Æ' • P , ceteris paribus. Price Elasticity of Demand : Price Elasticity of Demand in Absolute Values Ed = 0 Perfectly inelastic 0 < I Ed I< 1 Inelastic I Ed I = 1 Unit elastic 1 < I Ed I< Elastic I Ed I = Perfectly elastic Total revenue : total revenue in a period t equals price per unit ( P) times quantity sold ( Q) Total revenue = P * Q ANALYSIS Demand function of the elevator in Germany = F ( cost, advertising, property developers advice, general contractors advice, architects advice ... = 60.906 DM Revenue for V2 ( 19086 ) = P * Q ( 760) Which will give u...
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