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  • b) %ΔQ = Y% + 4% - 3% EP = Y% / %ΔP 0 = Y% + 4% - 3% - 2 = -1% / %ΔP Y% = -1% %ΔP = -1% / 2 = -0,5%

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    Greggi Rizky
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    case 3.6

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    7 views1 page

    b) %ΔQ = Y% + 4% - 3% EP = Y% / %ΔP 0 = Y% + 4% - 3% - 2 = -1% / %ΔP Y% = -1% %ΔP = -1% / 2 = -0,5%

    Uploaded by

    Greggi Rizky

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    b) %ΔQ = Y% + 4% - 3% EP = Y% / %ΔP

    0 = Y% + 4% - 3% - 2 = -1% / %ΔP
    Y% = -1% %ΔP = -1% / 2 = -0,5%
    Assuming there is no change in steel price change, next year price should increase by 0.5%

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