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Answer to Question #105644 in Economics for Anthony Nguyen

Question #105644
Dell has gone through some market challenges these past few years, especially with the desktop market. If the prices of desktop computers decreased by 14% last quarter resulting in an increase of 12% in quantity demanded, then Dell will decrease the quantity supplied of desktops by 10%. What is the price elasticity of supply for Dell desktops?
1
Expert's answer
2020-03-17T09:33:55-0400

The price elasticity of supply for Dell desktops is: Es = 10%/14% = 0.714, so the supply is inelastic.


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