00:02
The price elasticity of a demand is a measure how responsive demand is to changes in price.
00:07
A negative value indicates that the demand is inversely related to the price, meaning that an increase in price will lead to a decrease in demand and vice versa.
00:19
This case, price elasticity demand is a measure of how response demand is to.
01:03
So in this case, ibm's price elasticity demand is minus 1 .25.
01:08
This means that a 1 % increase in price will lead to 1 .25 % decrease in demand.
01:16
In 2023, ibm expects to increase the price of high -end laptop by 7 .5%.
01:27
Ibm expects to increase the price of high -end laptop by 0 .5%.
01:44
This means that demand is expected to increase by 9 .75%.
01:54
By 9.
01:59
Percentage demand equal percentage 0 .5%.
02:54
If the ibm expects the demand to decline by 9 .75%, then the number of the unit it expects to sell in 2020.
03:03
Number of units, 4, 1, 5, 0...