Hello everybody,
I hope you are well and have peace in your heart!
Please, I would like to ask for help in the following situation:
1- I have 4 questions that calculate the elasticity of demand for 4 products.
2- Demand elasticity can be of 3 types:
If elasticity is < 1, then we have inelastic demand
if the elasticity is = 1, then we will have unit demand (unit elasticity)
If the elasticity is > 1, then we will have elastic demand
I would like that on the side of each calculation for each elasticity, there was an MCE, with these 3 possibilities: inelastic - unitary - elastic.
Thus, after the calculation, according to the value, the student could choose the type of elasticity they found in the calculation.
It would be possible?
Thank you very much, Marcelo.
I hope you are well and have peace in your heart!
Please, I would like to ask for help in the following situation:
1- I have 4 questions that calculate the elasticity of demand for 4 products.
2- Demand elasticity can be of 3 types:
If elasticity is < 1, then we have inelastic demand
if the elasticity is = 1, then we will have unit demand (unit elasticity)
If the elasticity is > 1, then we will have elastic demand
I would like that on the side of each calculation for each elasticity, there was an MCE, with these 3 possibilities: inelastic - unitary - elastic.
Thus, after the calculation, according to the value, the student could choose the type of elasticity they found in the calculation.
It would be possible?
Thank you very much, Marcelo.