"Price Elasticity In Demand In Hindustan Unilever Limited" Essays and Research Papers

Price Elasticity In Demand In Hindustan Unilever Limited

Hindustan Unilever Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch company  Unilever which owns a 67% controlling share in HUL. HUL's products include foods, beverages, cleaning agents and personal care products. HUL was established in 1933 as Lever Brothers and, in 1956, became known as Hindustan Lever Limited, as a result of a merger between Lever Brothers, Hindustan Vanaspati Mfg. Co. Ltd. and United Traders Ltd...

BSE Sensex, Hindustan Unilever, Marketing 1293  Words | 5  Pages

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Hindustan Unilever Limited

Hindustan Unilever Limited (HUL) OVERVIEW Hindustan Unilever Limited (HUL) is India's largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians. They endow the company with a scale of combined volumes of about 4 million tonnes and sales of Rs.10,000 crores. The mission that inspires HUL's 36,000 employees, including about 1,350 managers...

Advertising, Corporation, Harish Manwani 795  Words | 3  Pages

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Price Elasticity and Supply & Demand

Level Material Appendix B Price Elasticity and Supply & Demand Xeco – 212 02/07/2012 Peter D. Brothers Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event | Market affected by event | Shift in supply, demand, or both. Explain your answer...

Alfred Marshall, Arc elasticity, Consumer theory 630  Words | 3  Pages

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Hindustan Unilever Limited

Path On December 16, 2005, Harish Manwani (Manwani), Chairman of Hindustan Lever Limited (HLL), India's largest fast moving consumer goods (FMCG) company announced that Douglas Baillie (Baillie) would take over as the Chief Executive Officer (CEO) of HLL from March 01, 2006. |Having worked with HLL's UK based parent company - Unilever - for over 25 years, Baillie was promoted from the post of Group Vice-president| |and Head of Unilever AMET (Africa, Middle East and Turkey). HLL has been experiencing...

Harish Manwani, Hindustan Unilever, Lever Brothers 1628  Words | 6  Pages

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Elasticity: Supply and Demand and Price

Price elasticity is an important concept to understand when beginning and maintaining a business that distributes goods or services. Elasticity is the economic concept that estimates when products should be introduced to consumers, and how (provided that all other variables remain constant) demand or supply will be affected by changes in the environment that affect price (Basic Economics, 2007-2010). Depending on how the percentage demanded/supplied is affected by price differentiation will determine...

1975, 1981, 1982 1668  Words | 6  Pages

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Hindustan Unilever Limited HUL

Hindustan Unilever Limited (HUL) Case Study & Company Analysis Company Profile • Incorporated in 1933 • The Company has over 16,000 employees & over 1500 managers • Annual Turnover of INR 27408 in 2013-14 • Strong local roots in more than 100 countries • Annual sales of €49.8 billion in 2013 • Unilever has 67.25% shareholding in HUL. • India's largest Fast Moving Consumer Goods (FMCG) Company with a heritage of over 80 years in India • 6.4 million outlets across India (2 million – retail) • Consumer...

Better, Brand, Brand management 673  Words | 13  Pages

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Supply, Demand & Price Elasticity

Supply, Demand and Price Elasticity People and companies make economic decisions on a daily basis by deciding how much of something they will buy and what prices they are willing to pay for the goods or services. Through individual decision-making, consumers determine supply demands for their needs and wants, and companies decide which goods and how many goods are to be sold, and how much to charge consumers. There are many fundamental concepts and definitions that are important to understanding...

Consumer theory, Economic equilibrium, Economics 1484  Words | 4  Pages

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Price Elasticity of Demand

Price Elasticity of Demand T's Jean Shop sells designer jeans. The latest trend setter has been Capri cuffed blue jeans. The demand for the Capri jeans has been very high with teenagers and young women. The business has increased its supply of Capri jeans due to the high demand. The owner, Terri Johnson, contemplates increasing the price from $9.00 to $10.00. Ms. Johnson needs to know the response of the consumers to the increased price. According to McConnell and Brue (2004), the Price Elasticity...

Arc elasticity, Consumer theory, Elasticity 1130  Words | 4  Pages

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Price Elasticity of Demand

Assignment 2 Price Elasticity Of Demand Price Elasticity of Demand is the quantitative measure of consumer behavior whereby there is indication of response of quantity demanded for a product or service to change in price of the good or service ( Mankiw,2007). The Price Elasticity of Demand is calculated using either the point method or the midpoint method. The Point Method Price Elasticity of Demand = Percentage change of Quantity Demanded Percentage change of Price The Midpoint...

Arc elasticity, Elasticity, Elasticity of a function 1617  Words | 7  Pages

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Price Elasticity of Demand and Supply

in making price and output decisions. Price Elasticity of Demand The price elasticity of demand measures the sensitivity of the quantity demanded to price. The price elasticity of demand is the percentage change in quantity demanded brought by a 1 percent change in price. The value of price elasticity of demand for a normal good must always be negative, reflecting the fact that demand curves slope downward because of the inverse relationship of price and quantity. The price elasticity...

Arc elasticity, Consumer theory, Elasticity 1112  Words | 4  Pages

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Supply and Demand and Price Elasticity

The price elasticity of demand for a good is the response of A) demand to a one percent change in price of that good B) demand to a one percent change in price of the related good C) quantity demanded to a one percent change in price of that good D) quantity demanded to a one percent change in price of that related good E) demand to a one percent change in income 2. If the price of cheese falls by one percent and the quantity demanded rises by 3 percent, then the price elasticity...

Arc elasticity, Consumer theory, Cross elasticity of demand 328  Words | 4  Pages

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Supply and Demand and Price Elasticity

 Elasticity 1. (a) The price elasticity of demand measures the responsiveness of the quantity demanded / price to a change in the quantity demanded / the quantity supplied / price. [Delete wrong words.] (b) Give the formula for price elasticity of demand. 2. Back in the mid-1990s, the government in the UK announced that for every 10 per cent rise in the price of cigarettes, the demand was likely to fall by 6 per cent. If this information was correct, what was the value...

Arc elasticity, Consumer theory, Elasticity 466  Words | 5  Pages

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Supply and Demand and Price Elasticity

Examples: Cross Elasticity of Demand (XED). Is a measure of how much the demand for a product changes when there is a change in the price of another product. Determinants of Price Elasticity of Demand. is a measure used in economics to show the responsiveness, or elasticity of the quantity demanded of a good or services to a change in its price. Determinants of Price Elasticity of Supply. is a measure of how much the supply of a product changes when there is a change in the price of the products...

Arc elasticity, Consumer theory, Cross elasticity of demand 761  Words | 4  Pages

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Price Elasticity of Demand

University, Manipal Analysis on Price Elasticity of Demand Abstract The price elasticity of demand is a factor for an industry, which is existing and the ones emerging in the market, of what is to be the price of the product; considering the demand of the same in the market and whether or not to increase the price to make any more profit sacrificing a marginal amount of sales or a shortfall in the revenue. In an effort to understand the price elasticity of demand concept, a small study was done...

Arc elasticity, Consumer theory, Cross elasticity of demand 1541  Words | 7  Pages

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Price Elasticity of Demand

Running head: PRICE ELASTICITY OF DEMAND Price Elasticity of Demand Team Paper University of Phoenix Price elasticity of Demand With the objective of increasing the company's revenue, we have been tasked by Hyundai Motors to determine if the company should increase or decrease the price of its Sport Utility Vehicle (SUV), Santa Fe. We will use the price elasticity of demand concept to determine what actions should be taken. Additionally, we will determine the impact on demand for the Santa...

Arc elasticity, Consumer theory, Elasticity 1123  Words | 3  Pages

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Price Elasticity of Demand

Price elasticity of demand In economics and business studies, the price elasticity of demand (PED) is an elasticity that measures the nature and degree of the relationship between changes in quantity demanded of a good and changes in its price. Introduction When the price of a good falls, the quantity consumers demand of the good typically rises; if it costs less, consumers buy more. Price elasticity of demand measures the responsiveness of a change in quantity demanded for a good or service to...

Arc elasticity, Consumer theory, Elasticity 1385  Words | 4  Pages

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Supply and Demand and Price Elasticity

Problem 10 Chapter 6 10.   Use the figure below to answer the following questions: a.   Calculate price elasticity at point S using the method E=ΔQ × P ΔP Q E=ΔQ P+ 90 100 ΔP × Q= −300× 60 =−0.5 b.   Calculate price elasticity at point S using the method E=P P−A E=P × 100 = 100 =−0.5 P−A 100−300 −200 c.   Compare the elasticities in parts a and b. Are they equal? Should they be equal? The values of E in parts a and b are equal...

Consumer theory, Elasticity, Income elasticity of demand 656  Words | 3  Pages

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Price Elasticity of Demand

emotion than the rising price of gasoline in the United States. Major storms in the southeastern states in 2005 and the ongoing strife in the Middle East have caused the price at the pump to rise to record levels at times and to stay high for extended periods of time. I intend to show how the recent fluctuations in the price of gasoline in the United States apply to the basic economic principle of Price Elasticity of Demand. I will show, through research of economic data how the demand for fuel has responded...

1973 oil crisis, 1980s oil glut, Energy crisis 2321  Words | 6  Pages

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Supply & Demand, and Price Elasticity

Supply & Demand, and Price Elasticity All things in our society are connected in some way, for example, how humans relate to each other. Complex ideas and analysis are not without their own set of unique connections. The intricate theories of economics are a prime example of this connection. To gain an accurate understanding of how supply and demand are connected, and its role within the market, one must analyze the functions of each as separate entities, and how they relate to economics as a whole...

Consumer theory, Economic equilibrium, Economics terminology 1372  Words | 4  Pages

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Supply Demand and Price Elasticity

Supply, Demand, and Price Elasticity Supply, Demand, and Price Elasticity We use multiple products on a daily basis, from toothpaste to ink pens. Though we may use these items for mere moments, there is a different supply and demand cycle for them. Every product has a different supply and demand cycle, and this cycle varies throughout time. Some items may constantly be in demand, like cotton, and others may be in demand seasonally, like eggnog. These shifts in supply and demand may influence...

Alfred Marshall, Arc elasticity, Consumer theory 1072  Words | 3  Pages

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Supply, Demand and Price Elasticity

Supply, Demand and Price Elasticity ECO/212 Supply, Demand and Price Elasticity A commodity is a basic good that can be bought, sold, or even used as currency in parts of the world. Items such as coffee, sugar, soybeans, gold, silver, wheat, gasoline, corn, platinum, oranges, and crude oil are examples of commodities in the global marketplace. Consumers demand commodities to meet their needs in the consumption of food, or the creation of other goods or services. Suppliers, often farmers,...

Elasticity, High-fructose corn syrup, Market 831  Words | 3  Pages

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Coffee Supply, Demand and Price Elasticity

Coffee Supply, Demand, and Price Elasticity Team B: Walelia Naholowa’a, Priscilla Swanson, Delniece Williams, Nigel Sturge ECO/212 Robert Coates February 26, 2012 Coffee Supply, Demand, and Price of Elasticity Statistics show that over half of the American population consumes coffee on a daily basis. You may drink coffee hot, cold, mixed, or even in a frappuccino. Individuals are able to make coffee at home, or buy it on the go. Coffee provides people with caffeine, which ultimately...

Caffeine, Coffee, Economic equilibrium 995  Words | 3  Pages

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Quiz Questions on Price Elasticity of Demand

In-class exercises – Tute 3 - Elasticities & Welfare Price elasticity of demand: How to calculate Sign and sizes – illustration by demand curve E & TR Determinants/factors MCQs: 1. Question 4 (Quiz - topic 3): If Sam, the Pizza Man, lowers the price of his pizzas from $6 to $5 and finds that sales increase from 400 to 600 pizzas per week, then the demand for Sam’s pizzas in this range is: a. price inelastic. b. price elastic. c. unit elastic. d. cross elastic. e. income inelastic...

Arc elasticity, Consumer theory, Cross elasticity of demand 860  Words | 5  Pages

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Supply, Demand, and Price Elasticity

ECO 212 2011 Supply, Demand, and Price Elasticity Supply and demand are common terms within economics. This also means that each term is dependent on each other. For example if a price goes up, the demand comes down and if the demand goes up the price comes down. Equilibrium occurs when both the demand and supply are equal or are in balance with each other. Price elasticity is the “measure of how much one variable responds to change in another economic variable” (Hubbard & O’Brien,...

Coal, Diesel fuel, Elasticity 1150  Words | 3  Pages

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Elasticity of Demand

chapter four Elasticity of Demand and Supply CHAPTER OVERVIEW This is the second chapter in Part Two,Price, Quantity, and Efficiency.” Both the elasticity coefficient and the total revenue test for measuring price elasticity of demand are presented in the chapter. The text attempts to sharpen students’ ability to estimate price elasticity by discussing its major determinants. The chapter reviews a number of applications and presents empirical estimates for a variety of products. Income...

Arc elasticity, Consumer theory, Elasticity 2167  Words | 7  Pages

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Price Elasticity of Demand

Introduction 2 Literature review 2 Conclusion 3 Bibliography/References 3 Price Elasticity of Demand Introduction Ethanol production in the U.S. has grown tremendously in the last decade. Production was averaging one billion gallons per year in the early 1990s, grew to four billion gallons in 2005, and in 2007 exceeded six billion gallons (Renewable Fuels Association (RFA)). If current plans for new construction and expansion come to completion, production capacity will exceed...

Corn syrup, Elasticity, Ethanol fuel 832  Words | 3  Pages

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Supply, Demand, and Price Elasticity

Supply, Demand, and Price Elasticity Paper – Rice. ECO / 212: Principle of Economics Week 2 Learning Team Assignment With the growing cultural diversity in the San Francisco bay area, it is hard not to notice the Asian cuisines and restaurants in every corner of the block. Asian food had become a natural substitution choice for the American fast food; and rice, is the perfect substitution for wheat and flour. Rice is the seed of the monocot plant “Oryza sativa”. As a cereal grain, it is the...

Cereal, Consumer theory, Giffen good 1075  Words | 3  Pages

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Price Elasticity of Demand

Price Elasticity of Demand Devry University ECON 312- Principles of Economics Nabil Doulfikhar Fall A Introduction Corn, a national commodity, to some might be considered the miracle crop. It is not only a food source for humans but for livestock as well. Corn production, especially as a renewable source of energy, holds much promise and places hope that this once dwindling cash crop might bring new financial returns and sustainability to an agricultural industry marked with continual...

Alternative fuel, Biofuel, Elasticity 821  Words | 3  Pages

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Price, Income and Cross Elasticity of Demand

meant by the terms price elasticity, income elasticity and cross elasticity of demand and discuss the main determinants of each of these. Discuss the importance of each of these to the decision making process within a typical business. Elasticity is the responsiveness to which one variable responds to a change in another variable Price elasticity of demand (PED) measures the responsiveness of quantity demanded of a product to a change in its price. If a relatively small change in price leads to a relatively...

Arc elasticity, Consumer theory, Elasticity 1460  Words | 5  Pages

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Supply, Demand, and Price Elasticity Quiz

Section One: Multiple Choice 1. If a 20% decrease in the price of long-distance phone calls leads to a 35% increase in the quantity of calls demanded, you may conclude that the demand for phone calls is a. elastic b. inelastic c. unit elastic d. stretchy elastic 2. Which of the following pairs are examples of substitutes? a. Popcorn and soda b. Automobiles and bicycles c. Boats and fishing tackle d. Wine and cheese 3. If a price in a competitive market is “too high to clear the market...

Alfred Marshall, Economic equilibrium, Elasticity 839  Words | 4  Pages

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Research Report: the Price Elasticity of Demand

Economics Research Report: The Price Elasticity of Demand The Price Elasticity of Demand: 1. Introduction: Price elasticity of demand is an economic measure that is used to measure the degree of responsiveness of the quantity demanded of a good to change in its price, when all other influences on buyers remain the same. Elasticity of demand helps the sales manager in fixing the price of his product, deciding the sales...

Arc elasticity, Elasticity, Elasticity of substitution 1798  Words | 7  Pages

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Price Elasticity of Demand Econ 201

1 Price Elasticity of Demand 1 14.01 Principles of Microeconomics, Fall 2007 Chia-Hui Chen September 10, 2007 Lecture 3 Elasticities of Demand Elasticity. Elasticity measures how one variable responds to a change in an­ other variable, namely the percentage change in one variable resulting a one percentage change in another variable. (The percentage change is independent of units.) Outline 1. Chap 2: 2. Chap 2: 3. Chap 2: 4. Chap 2: Price Elasticity of Demand Income Elasticity of Demand ...

Arc elasticity, Consumer theory, Cross elasticity of demand 935  Words | 4  Pages

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Supply, Demand and Price Elasticity Paper

few pages of this report will discuss how supply and demand for wheat shifts, how it affects price, and whether or not wheat is a luxury or a necessity will also be analyzed. Wheat, a main staple in food and a source for many products, is a global commodity with diverse supply availability and changing demands. Each country has its own production, consumption and exportation of wheat that are affected by crop specific factors such as fuel prices, weather conditions, labor costs, stock costs, etc...

Alfred Marshall, Consumer theory, Elasticity 1128  Words | 3  Pages

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Economics: Supply and Demand and Price Elasticity

MBAAF 601 Managerial Economics Problem Set # 2 Demand, Supply and Elasticity 1. Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Sam pays a storekeeper $1 for a quart of milk. b. Sally earns $4.50 per hour working at a fast food restaurant. c. Serena spends $7 to see a movie. d. Stuart earns $10,000 from his 10 percent ownership of Acme Industrial...

Alfred Marshall, Consumer theory, Elasticity 1590  Words | 6  Pages

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Price Elasticity of Demand for Logistics and Transport

Course Price Elasticity of Demand for Logistics and Transport College: International College Professional:Business Administration Full name: 胡 杨 Student number:096150043 宁波大学答题纸 (2010 —2011 学年第一学期) 课号:183T01A00 课程名称:运输原理 改卷老师: 学号: 096150043 姓 名: 胡杨 得 分: Price Elasticity of Demand for Logistics and Transport Abstract: This article mainly use supply and demand curve model...

Alfred Marshall, Consumer theory, Elasticity 1390  Words | 5  Pages

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Price Elasticity and Supply & Demand Price Elasticity and Supply & Demand

Associate Level Material Appendix B Price Elasticity and Supply & Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply, demand, or both. Explain your answer. Change in equilibrium Frozen orange...

Alfred Marshall, Arc elasticity, Consumer theory 1389  Words | 5  Pages

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Price Elasicity and Income Elasticity of Demand

of Price elasticity and Income elasticity of demand. Ans: There are many practical applications of price elasticity and Income elasticity of demand which are discussed as below. (A) Practical application of price elasticity of demand : 1. Production planning: It helps a producer to decide about the volume of production. When the demand is elastic, a producer has to produce different quantity of product and fixed quantity when the demand is inelastic. 2. It helps in fixing the prices of...

Arc elasticity, Consumer theory, Elasticity 751  Words | 3  Pages

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Supply, Demand and Price Elasticity of Coffee

When many individuals wake up in the morning, the first thought they often have is: where is the coffee? The price of coffee fluctuates no matter what quantity is sold. The following paper will discuss what makes the price of coffee rise and what consumers do when the price is more than they are willing to pay. Many factors are taken into consideration when the price of coffee is being determined. The main two factors are the supply that is demanded and the availability of substitutes, which will...

Caffeine, Coffee, Economic equilibrium 1001  Words | 3  Pages

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Elasticity of Demand

Elasticity of Demand Sione H. Kinikini Western Governor University Elasticity of Demand Elasticity can be thought of as a measurement of responsiveness. (Moffatt, About.com Economics: A Beginner's Guide to Elasticity, 2013). In the world of economists, elasticity is used to help measure the rate of change for quantity demand caused by change in price, also known as Price Elasticity of Demand (Khan Academy, 2013) (Moffatt, About.com Economics: Price Elasticity of Demand, 2013). Price of elasticity...

Arc elasticity, Consumer theory, Cross elasticity of demand 1910  Words | 6  Pages

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Elasticity of Demand

The purpose of this essay is to define elasticity of demand, cross-price elasticity, income elasticity, and explain the elastic coefficients for each. I will explain the contrast of and significance of difference between the three. I will also explain whether demand would tend to be more or less elastic for availability of substitutes, share of consumer income devoted to a good, and consumer’s time horizon, and give examples of each. Then, I will explain the logical impacts to business decision making...

Arc elasticity, Consumer theory, Cross elasticity of demand 2186  Words | 5  Pages

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Managing Hindustan Unilever Strategically

MANAGING HINDUSTAN UNILEVER STRATEGICALLY* Unilever is one of the world's oldest multinational companies. Its origin goes back to the 19lh century when a group of companies operating independently, produced soaps and margarine. In 1930, the companies merged to form Unilever that diversified into food products in 1940s. Through the next five decades, it emerged as a major fast-moving consumer goods (FMCG) multinational operating in several businesses- In 2004, the Unilever 2010 strategic plan was...

Board of directors, Fast moving consumer goods, Food 1351  Words | 4  Pages

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price elasticity of demand: If demand price is increased by 10% what will be tha fall in demand in pric e elasticity is 2

Price elasticity of demand (PED) is defined as the responsiveness of the quantity demanded of a good or service to a change in its price. Price Elasticity of Demand Percentage Change in Quantity Demand for product A Percentage Change in Price for Product A So, Percentage Change in Quantity Demand for Product A = PED X Percentage Change in Price for Product A Given, PED of Books= 2, Percentage Change in Price for Books = 10% So, Percentage Change in Demand for Books = 2 X 10% = 20% ...

Arc elasticity, Consumer theory, Elasticity 702  Words | 3  Pages

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Elasticity of Demand

paper, we examine Happy Pet Clinic, a local veterinary clinic, and how the principles of elasticity of demand might frame its pricing decisions and planning. As a small practice, every change the managers make can have a significant impact on the clinic's income. Price Elasticity of Demand, Cross Price Elasticity of Demand, and Income Elasticity of Demand concepts can be used to analyze and estimate how prices changes may affect the clinic's bottom line Professional Vet Brand pet food is the exclusive...

2007 pet food recalls, Consumer theory, Cross elasticity of demand 1064  Words | 3  Pages

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Elasticity & Demand

MBA 502 – Elasticity & Demand Price: Clearly one of the most important decisions for the firm How will consumers react to a price change? Buy less as price increases, but how much less? How does a price change affect revenues? Consumer adjustment to a change in price: Law of demandprice and quantity are inversely related…what happens when price changes? Substitution effect: Buy more (less) of a good when price falls (rises) relative to price of other good Income effect: Can buy more...

Arc elasticity, Consumer theory, Elasticity 568  Words | 3  Pages

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Elasticity for Transportation Demand

many decisions. The demand of one good can be affected by various factors. This report will analyze the elasticity of demand for rail use and some strategies. Firstly, the theory of elasticity of demand will be introduced. Secondly, two pieces of expert advice about cutting rail fares will be evaluated. Thirdly, the solution of the conflict will be examined. Finally, the factors determining the elasticity of demand for rail use will be investigated. (i) Elasticity of demand is defined as “the percentage...

Arc elasticity, Consumer theory, Economics 827  Words | 3  Pages

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Elasticity of Demand

concept of elasticity of demand In the real world, prices of different products vary day by day, however, the effect it has on the demand is a concept that is very important to understand. When a consumer has an ability or willingness to buy a certain number of products at a given price, it is known as demand. Elasticity of demand is the measure of change in quantity demanded of a product when there is change in factors that effect demand. There are 3 main types of elasticity of demand; Price elasticity...

Arc elasticity, Consumer theory, Elasticity 1305  Words | 2  Pages

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Demand elasticity

 Demand Elasticity Matthew Costa Centenary College Demand elasticity is a tool used by economists and firms to determine price points of products used by the consumer. The law of demand states that increasing the price of a good reduces the goods quantity demanded. The relationship is important and somewhat obvious. Similarly, demand reacts to changes in incomes, the price of related goods, and advertising efforts. Demand elasticity measures the responsiveness of one economic variable...

Consumer theory, Elasticity, Goods 1925  Words | 8  Pages

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Supply, Demand, and Price Elasticity Paper

Supply, Demand, and Price Elasticity Paper 2010 Learning Team A University of Phoenix 10/17/2010 Petroleum is a necessity for the majority of humans across the world. Petroleum is a natural resource that has few competitors. In recent decades alternative energy sources have been investigated, but the use of petroleum is still ahead of the game as the world’s primary energy source in the use of automobiles, but petroleum is also the main ingredient in plastic. We use plastic everywhere, the...

Elasticity, Energy development, Hydrocarbon 1296  Words | 4  Pages

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Elasticity of Demand

Elasticity of demand measures the responsiveness of the quantity of demand to changes in any of the variables which may affect demand, assuming ceteris paribus. However, as there are a lot of different products in the world, all of them have their own circumstances, depending on which they may have either elastic or inelastic demand. Knowing the PED will allow us to make decisions on the following, and therefore, be able to run a successful business. That’s why in different circumstances companies...

Arc elasticity, Coffee, Elasticity 1730  Words | 5  Pages

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Price Elasticity

be to use the concept of elasticity of demand. This paper will look at elasticity and the factors that go into calculating it, and describe how using elasticity could help Apple Inc. (Apple) maximize its revenue from the iPod. Finally, this paper will describe how a change in consumer income will affect the overall demand for iPods. Price elasticity is a tool designed to identify the overall change in demand or supply of a product compared to the overall movement of price. For the sake of this paper...

Apple Inc., IPod, IPod Classic 1390  Words | 4  Pages

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demand elasticity

Demand elasticity Supply internal external factors influence Economics for Business “Oil prices are high and constantly changing, but alternatives fuels are not an evident choice for motorists. Assume that oil begins to run out and that extraction becomes more expensive. Trace through the effects of this on the market for oil and the market for other fuels” This essay will examine the impacts of what diminishing oil supplies and rising extraction costs will have on both the market for fuels...

Demand curve, Elasticity, Microeconomics 2229  Words | 8  Pages

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Hindustan Unilever Ltd

titled “Hindustan Unilever Limited ” is the outcome of my own hard work. It is original to the fullest of my knowledge. It has not been submitted in part or full for any other diploma or degree of any university. The quotations of some professionals are accepted as it is, so as to accept their work in full without any interference. Chapter-1 Introduction Objective of the study The main objectives of the study of this project are:- * To study the growth and expansion of Hindustan Unilever...

Harish Manwani, Hindustan Unilever, Unilever 912  Words | 6  Pages

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Supply and Demand and Price

fresh water. However, an economist would consider it a scarce resource because a. water is necessary for humans' physical survival b. pollution will eventually destroy all life in the Great Lakes c. water is limited relative to people's unlimited wants d. water commands a very high price 3. The difference between a good and a service is a. that goods help satisfy unlimited wants; services do not b. that services are available in unlimited quantities; goods are not c. that goods are available...

Consumer theory, Cross elasticity of demand, Economics 1988  Words | 7  Pages

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Demand and Elasticity

Demand and Elasticity Linear demand curve: Q = a – bP Elasticity: E d = (ΔQ/ΔP)/(P/Q) = -b(P/Q) E d = -1 in the middle of demand curve (up is more elastic) Total revenue and Elasticity: Elastic: Ed < -1 ↑P→↓R (↑P by 15%→↓Q by 20%) Inelastic: 0 > Ed > -1 ↑P→↑R (↑P by 15%→↓Q by 3%) Unit elastic: Ed = -1 R remains the same (↑P by 15%→↓Q by 15%) MR: positive expansion effect (P(Q) – sell of additional units) + price reduction effect (reduces revenues because of lower price (ΔP/ΔQ)/Q) ...

902  Words | 3  Pages

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Elasticity of Demand and Its Factors for Mb0042 Mba

Elasticity of Demand and Its Factors for MB0042 MBA Assignment Tuesday, June 14, 2011 This is the solved assignment of – “What is Elasticity of Demand? Explain the factors determining it.” It is written for MB0042 (Managerial Economics) SMU MBA assignment. We already have explained about price discrimination and categories of environmental stressors. Factors Influencing Price Elasticity of Demand: Nature of Commodity - By the nature of commodity, we divide them into comfort, luxury and necessity...

Arc elasticity, Consumer theory, Elasticity 646  Words | 3  Pages

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Equilibrium Price and Quantity, Economic Systems; Cross-Price Elasticity of Demand (Cped); Iv) Income Elasticity of Demand (Ieod);

Assignment 1 i) Equilibrium price and quantity; The Equilibrium price is set when the supply and demand meet when the quantity demanded by the customer (market demand) and the quantity that the companies (suppliers) are willing to supply the goods/services. For example if you take a look at this graph you can see that at the cross section, where the lines of supply and demand meet, the equilibrium point is shown. This is the “market clearing price” where supply equals demand. Equilibrium Point; Equilibrium...

Capitalism, Consumer theory, Economic equilibrium 1481  Words | 6  Pages

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Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand

increase or decrease its revenue by using price elasticity of demand and will discuss interpretations of elastic demand, inelastic demand and unit elasticity. Furthermore, this paper will show how determinants of price elasticity of demand affect decisions by analyzing substitutability and proportion of income and time. The determination of how to increase or decrease revenue is thoroughly investigated before implementation of any actions. Price Elasticity Coefficient Learning Team A used the hypothetical...

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Features of Hindustan Unilever Ltd

Features of Hindustan Unilever Ltd Type Public company Traded as BSE: 500696 BSE SENSEX Constituent Industry Consumer goods Founded 1932 Headquarters Mumbai, Maharashtra, India Key people Harish Manwani (Chairman),Nitin Paranjpe (CEO and MD) Products Foods, beverages, cleaning agents and personal care products Revenue 22116 crore (US$3.4 billion) (2011–2012) Net income 2691 crore (US$410 million) (2011–2012) Employees 16,500 (2011) Parent Unilever Plc (67%) ...

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Will Bury’s Price Elasticity Scenario

in Will Bury’s Price Elasticity Scenario are the following: 1. Supply and Demand One of the most fundamental concepts of economics and the backbone of a market economy is the concept of supply and demand. Demand shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time. (McConnell & Brue, 2004) The law of demand states that, if all other factors remain equal, the higher the price of a good, the...

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Cross Price Elasticity

Cross Price Elasticity Cross price elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good. It is the percentage change in demand for a good, in response to a percentage change in price of a related good. It is closely related to competitive pricing, which is setting the price of a product/service based on what the competition is charging. Businesses can decide the extent to which it lets competition influence its prices, based on the degree...

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