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Latihan Soal Pengantar Ekonomi
Latihan Soal Pengantar Ekonomi
Price ($)
Quantity
demanded
Total
expenditure
Percent
change in
price
Percent
change in
Quantity
demanded
Elasticity of
demand
11
1
9
3
7
5
5
7
3
9
1
11
b. Plot the demand curve and show the elasticities over the different ranges
of the curve.
c. Explain why demand is more elastic at the higher prices
2. For each of the following events, state the relevant elasticity concept. Then
compute the measure of elasticity, using average prices and quantities in
your calculation. In all cases, assume that these are ceteris paribus changes.
a. When the price of theater tickets is reduced from $14.00 to $11.00, tickets
sales increase from 1200 to 1350.
b. As average household income increases by 10 percent, annual sales of
Toyota Camrys increase from 560.000 to 670.000
c. After a major failure of Brazils coffe crop sent coffee prices up from $1,50
per pound to $2,50 per pound, sales of tea increased from 15.000 pounds
per month to 16.000 pounds per month.
d. An increase in the world demand for pulp (used in producing newsprint)
increases the price by 14 percent. Annual production increases from 8
million tons to 11 million tons.
3. The following table shows the demand schedule for denim jeans
Price $ (per unit)
A
B
C
D
E
F
G
H
30
35
40
45
50
55
60
65
Quantity demanded
(per year)
400000
380000
350000
320000
300000
260000
230000
190000
Total expenditure
Quantity of wheat
(millions of tons)
United States
Quantity of wheat
(millions of tons)
World