Professional Documents
Culture Documents
(UZS) year)
2012 60 000 990
70 000
. 2015 75 000 860
50 000
P . .
Q0 Q1
Quantity
The negative effect of possible non-price
determinants on demand curve
Price of one beshik (UZS)
P . .
Q0 Q1
Quantity
Supply
(UZS) year)
70 000
. 2015 75 000 960
50 000
Technological progress
Weather conditions
Price of raw materials
Innovation
The positive effect of possible non-price determinants on
supply curve
Price of one Cradle (UZS)
P . .
Q0 Q1
Quantity
The negative effect of possible non-price determinants
on supply curve
Price of one Cradle (UZS)
P . .
Q1 Q0
Quantity
Equilibrium
. .
.. . .
80 000
70 000
67 000 .
. .
60 000 . .
D
50 000
910 1100
800 900 1000
Quantity
Price elasticity of demand
Price elasticity of demand is a measure of the relationship
between a change in the quantity demanded of a particular good
and a change in its price.
Demand curve for beshik
Year Price Total
for one deman
cradle d (per
Price of one Cradle (UZS)
(UZS) year)
2012 60 000 990
75 000
. 2014
2015
70 000
75 000
880
860
P0
2016 80 000 800
800 860
Q1 Q0
Quantity demanded
Price Elasticity of demand
(Q1 - Q0 ) / average of Q0 and Q1
P D =
(P1 - P0 ) / average of P0 and P1
%DPb
D QDa=7%
D Pb=11%
7%
C D = = 0, 64
11%
Recommendation
To reduce price
To bring new technology
To learn about competitors
Branding
Reference list
IndexMundi (no date). Uzbekistan - birth rate - historical data graphs per year.
Available from http://www.indexmundi.com/g/g.aspx?v=25&c=uz&l=en
[Accessed 4 March 2017].
Novotours (no date). Novotours silk road. Travel agency in Uzbekistan. Available
from http://novotours.uz/fra/cradle_beshik.html [Accessed 4 March 2017].