Case Study: Price Elasticity of Demand by https://padlet.com/tutortok/lf1sgfnaicair24o A Level Business Studies - 8.1 Marketing Analysis en-us 2024-09-30 04:03:25 UTC 2025-01-14 01:17:13 UTC hello@padlet.com What is Price Elasticity of Demand? tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339948 2024-09-30 04:03:25 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339948 Formula for Price Elasticity of Demand tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339950 2024-09-30 04:03:25 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339950 Interpreting PED Values tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339951 - PED > 1: Elastic demand
- PED < 1: Inelastic demand
- PED = 1: Unit elastic
- PED = 0: Perfectly inelastic
- PED = ∞: Perfectly elastic]]> 2024-09-30 04:03:25 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339951 Scenario: Saigon Phở tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339954 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339954 Question 1: Basic Calculation tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339955 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339955 Question 2: Interpretation tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339956 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339956 Question 3: Revenue Impact tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339957 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339957 Scenario: Hanoi Coffee Co. tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339962 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339962 Question 4: Percentage Changes tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339963 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339963 Question 5: PED Calculation tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339964 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339964 Question 6: Comparison tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339965 2024-09-30 04:03:26 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339965 Scenario: Street Food Vendor tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339972 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339972 Question 7: PED over Time tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339973 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339973 Question 8: Time and Elasticity tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339974 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339974 Question 9: Cross-Price Elasticity tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339975 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339975 Question 10: Factors Affecting PED tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339977 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339977 Question 11: PED and Business Decisions tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339978 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339978 Question 12: PED in Your Daily Life tutortok1 https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339979 2024-09-30 04:03:27 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3145339979 Duc Vinh (Pho Restaurant) https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3152996664 Question 1:

PED=-10%/10%​=−1

Question 2:

Saigon Phở can consider maintaining or slightly adjusting prices without significant losses in quantity demanded. A price increase may not drastically reduce revenue since the decrease in quantity demanded is proportionate to the increase in price.

Question 3:

In summary, if Saigon Phở increases their prices, total revenue will remain relatively unchanged due to the unit elastic nature of demand. This allows them to adjust prices without significantly impacting their overall income from sales.



]]> 2024-10-04 03:24:47 UTC https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3152996664 Tuan - Phở https://padlet.com/tutortok/lf1sgfnaicair24o/wish/3152997120 (900-1000):100X100 = -10

(55-50):100X100= 10

=> PED = -1

Inelastics => may want to increase the price to increase the revenue => more potential profit


Increase since they are inelastic of demand so the change in price will higher than the change in demand. Also PED is -1 therefore it is profit maximisation if Saigon Pho increase the price. therefore it can improve the revenue the most

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