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fafy
11-06-2006, 01:35 AM
Hi all
I need your help about the elasticity of demand: in Manan (p.69) it's written that a coefficient > 1 (so for an elastic product) indicates an increase in revenue and vice-versa but I've read the contrary everywhere else: http://www.quickmba.com/econ/micro/elas/ped.shtml
Can you help me?
Fafy

phd-pharmaD
11-06-2006, 03:28 AM
Hi, fafy,
I think concept is right on the website. manan's is wrong.

gigs
11-06-2006, 04:57 AM
i think manan is wrong. thanks for enlightening us on this topic[clap]

fizzbizz
11-06-2006, 08:18 AM
i have read manan mngment from cover to cover and i found quite a lot of typing errors ..also i think in theory there is a mistake in statistcs in chi square fromula..anyways i will chek up this elasticity too.

khadija
11-06-2006, 08:55 AM
i have read manan mngment from cover to cover and i found quite a lot of typing errors ..also i think in theory there is a mistake in statistcs in chi square fromula..anyways i will chek up this elasticity too.

I have found some mistakes in Q&A book or uncompatibilities with CPR

don't know how much we can thrust these books:hmm: