Student Name: Moin Uddin Ahmed ID: 11925

The beautiful future of solar power

Class: https://www.ted.com/talks/marjan_van_aubel_the_beautiful_future_of_solar_power

Solar carports work great for schools and

universities
Video: https://www.youtube.com/watch?v=j2fLlFk-txo

The Truth About Small Commercial Solar

Financing
Website: https://www.renewableenergyworld.com/2018/09/28/the-truth-about-small-commercial-solar-
financing/

Questions for Case Study:

1. What were some key factors driving the solar power industry, as described in the case?

 Work with solar cells that use the property of colors to generate the electricity.
 Read the book called Solar Revolution its say within one hour we receive enough sunlight to
provide the world with enough electricity for an entire year.’
 Now even have an efficiency of 44.5%
 Use transparent solar glass to power its indoor climates we use hydroponic that pumps
around.
 The sun is still available for everyone and by integrating solar on the place where we need it

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Student Name: Moin Uddin Ahmed ID: 11925

02 What are the price demand elasticities for a change in price from $15,000 to $13,500 and from
$13,500 to $12,000 for a typical solar panel installation?

Answer: The price elasticity for a change in price is as follow

A)
P1=15000$
Q1=300 units
P2=13500$
Q2=420 units
Point formula:
(Q 2−Q 1)
×100
Q1
=Εd
( P 2−P 1)
×100
P1

(420-300)
*100
300
(13500-15000)
*100
15000

PED = 0.4/-0.1 = -4

PED = 4 >1=Elastic
P1=13500$
Q1=420 units
P2=12000$
Q2=540 units

Point Formula:

(Q 2−Q 1)
×100
Q1
=Εd
( P 2−P 1)
×100
P1

(540-420)
*100

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Student Name: Moin Uddin Ahmed ID: 11925

420
(12000-13500)
*100
13500

PED = 0.28/-0.11 = -2.57

PED = 2.57 >1=Elastic

03 What is the impact on revenues based on the elasticities calculated in question 2 and the new price
points?

Answer: Total Revenue =Price*Quantity

TR=P*Q

AT PED = 4
 TR=P1*Q1

TR=15000*300
TR=4500000
 TR=P2*Q2
TR=13500*420
TR=5670000
AT PED = 2.57
 TR=P2*Q2
TR=12000*540
TR=6480000
The impact on revenues based on the elasticity is elastic and in elastic the relation between
demand and TR (Total Revenue) is direct and price and TR is indirect so by decreased in price
there is increase in demand and in the total revenue as well.
The new price points according to the case study will be $10,800 and $9,720.

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