Your friend runs a business of hand sanitizers. If the price per unit is 20 taka and his total revenue is 193 taka, how many units of product did he sell? Please give your answer in 2 decimal places. Now, the demand for hand sanitizers is inelastic Would you suggest your friend to increase the price of the hand sanitizers? (Yes or No) One word Answer

Your friend runs a business of hand sanitizers. If the price per unit is 20 taka and his total revenue is 193 taka, how many units of product did he sell? Please give your answer in 2 decimal places. Now, the demand for hand sanitizers is inelastic Would you suggest your friend to increase the price of the hand sanitizers? (Yes or No) One word Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Can you help me with questions A, B, C,D, and E thank you!!
Typed plz Please I want up vote on this solution Take care of plagiarism
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Cans of Arizona Iced Tea are famously printed with a price 99 cents on the can. Your friend says that he believes that the demand for cans of Arizona Iced Tea is perfectly elastic. What does he mean (explain like I have never taken economics)? Do you think he is right? Explain your answer. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The Dixie Chicken currently sells 3,000 burger platters per month for $8, and the own-price elasticity for this platter has been estimated to be -1.25. If Dixie Chicken raises prices by 75cents, how many platters will be sold? Round to the nearest whole number.
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answer them please and show work!