Pricing Part 2a

18 Comments
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Comments

  1. Avatar of tauraiversatile tauraiversatile says:
    April 27, 2013 at 4:48 pm

    Good job! Thank you Lecturer you are so loud and clear!

  2. Avatar of florencenkrumah28 florencenkrumah28 says:
    April 13, 2013 at 3:06 pm

    i love this. thank you

  3. Avatar of shaikhazary shaikhazary says:
    March 15, 2013 at 8:36 pm

    Conventional way of calculating the slope of the demand curve is Changes in Quantity/Changes in Price. Why does ACCA Text use Changes in Price/Changes in Quantity? However, I do understand a slope of a straight line is Changes in Y/Changes in X.

    • Avatar of johnmoffat johnmoffat says:
      March 16, 2013 at 10:47 am

      I don’t know why you say the conventional way of calculating the slope is change in demand/change in price.

      For the price elasticity of demand, then it is demand / price, but the conventional price/demand equation is P = a – bQ for which the slope is b which is change in price/change in demand.

  4. Avatar of sotor sotor says:
    March 15, 2013 at 12:17 pm

    Thank you very useful lecture, any chance adding/providing video lecture on Example 3 Price elasticity? Its on the notes.

  5. Avatar of Dthind Dthind says:
    March 5, 2013 at 11:03 pm

    Very nicely explained…..:))

  6. Avatar of irum irum says:
    February 15, 2013 at 11:18 pm

    very very easy way to calculate the b ,a….?the formula in books is very hard to remember.

  7. Avatar of mikelena mikelena says:
    October 27, 2012 at 9:51 am

    Good Explanation. Good Job!

  8. Avatar of zhuxiaoyu110 zhuxiaoyu110 says:
    October 17, 2012 at 8:34 am

    What’s wrong? The video always break down in process? How to avoid this. Thanks!

  9. Avatar of musema musema says:
    October 3, 2012 at 7:36 pm

    Example 5 says reduction in price causes increase in demand rather than increase in price and decrease in demand. So shouldn’t the equation be 10-0.01Q??

    • Avatar of johnmoffat johnmoffat says:
      October 17, 2012 at 1:37 pm

      @musema, Because we assume that the relationship is linear, a reduction in price causes an increase in demand, and an increase in price causes the same reduction in demand.
      The equation cannot be P = 10 – 0.01Q, because that would mean that the current demand of 2000 would give a selling price of 10 – 20 = -10!!!
      The lecture is correct.

  10. Avatar of natasya natasya says:
    June 8, 2012 at 9:42 am

    As I see, “Price elasticity” topic is not mentioned in the videos to chapter 7. Or I missed it?

  11. Avatar of akkianjana akkianjana says:
    May 8, 2012 at 6:11 pm

    lovely. good job

  12. Avatar of sweetusudu sweetusudu says:
    April 10, 2012 at 5:26 am

    @
    hasnaat hai

  13. Avatar of Mugadza Mugadza says:
    March 20, 2012 at 11:30 am

    good work from you guys.may God bless you

  14. Avatar of patsylee patsylee says:
    March 11, 2012 at 2:28 am

    very well explained, great job!

  15. Avatar of esthernky esthernky says:
    March 6, 2012 at 8:19 am

    thanks,i perfectly understood

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