We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
+ Link For Assignments, GDBs & Online Quizzes Solution
+ Link For Past Papers, Solved MCQs, Short Notes & More
Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion
How to Add New Discussion in Study Group ? Step By Step Guide Click Here.
ECO401 Assignment No 1, Fall 2014,Solutions and Discussions Due Date: Nov-27, 2014
Important announcement, Assignment # 01 ECONOMICS (ECO401)
This is to inform that Assignment No. 1 will be opened on November 20, 2014 and due date of assignment submission will be November 27, 2014.
A 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies; and above mentioned due date should always be treated as final to avoid any inconvenience.
Assignment File will be attached Later !
.+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)
thank you but still i cant find it anywhere in handouts (related material to the assignment)
Solution for Part B (a) (for discussion only, may be wrong)
% of Price Changed = (200-150)/150= 0.333
% change in Qd (Business Travelers) = (2800-2900)/2900= -0.0345
So PEd for Business Travelrs = -0.0345/0.333 = -0.1035
% change in Qd (Tourist) = (1000-1800)/1800= -0.4444
So PEd for Tourists = -0.4444/0.333 = -1.333
with all due respect
i think ur answer is wrong plzzz re check it
please explain a little
correct answer I believe, Q2/part(a) @ hafeez ur Rehman
please expand the formula a little because i have confusion in that . thank you
values put kr dain bs
Price elasticity of demend
Take derivative of demand function
At equilibrium P=1.5, Q=1400
P€d= dQd/dPxP/Q = -400X1.5/1400 = -0.428
Similarly you can find P€s by taking derivative of supply function
Ye Question 1 ka part b ka answer ka tariqa ha na??
Yes it is given in handouts on page no 30,31
Ye price elasticity ka formula tu nhi ha . . ye tu point elastic city ka hai . . ??