作业帮关于economic一道题~
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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
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
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
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.
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.