4. Dell has gone through some market challenges these past few years, especially with the desktop market. If the prices of desktop computers decreases by 15% last quarter resulting in an increase of 7% in quantity demanded, then Dell will decrease the quantity supplied of desktops by 45%. What is the price elasticity of supply for Dell desktops? 5. The price of cell phones rose slightly higher from $600.00 to $750.00 this past month, and Samsung found out about Apple's release of the iPhone 14, so in turn it decided to increase production of its Note 20 from 450,000 to 550,000 to compete with its rival. What is the price elasticity of supply for Samsung Note 20 phones?

4. Dell has gone through some market challenges these past few years, especially with the desktop market. If the prices of desktop computers decreases by 15% last quarter resulting in an increase of 7% in quantity demanded, then Dell will decrease the quantity supplied of desktops by 45%. What is the price elasticity of supply for Dell desktops? 5. The price of cell phones rose slightly higher from $600.00 to $750.00 this past month, and Samsung found out about Apple's release of the iPhone 14, so in turn it decided to increase production of its Note 20 from 450,000 to 550,000 to compete with its rival. What is the price elasticity of supply for Samsung Note 20 phones?

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 6PA: Suppose that your demand schedule for DVDs is as follows: Price Quantity Demanded (income = 10,000)...

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