$53,000. Average Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.verage Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.
The standardized formula for measuring price sensitivity is: Price Sensitivity = (Change in Quantity Purchased / Change in Price)*%. Example: In order to observe the price sensitivity, let us consider that, when Nestle apple nectar prices increase by 60%, the juice purchases fall with the figure of 25%. Using the mentioned formula we can easily calculate the price sensitivity for nestle apple nectar: Price Sensitivity = -25% / 60% = -0.42. Therefore, we can conclude that for every of the percentage with which the Nestle apple nectar price increases; it affects the purchase by almost more than half percentage.
Elasticity is calculated with the following formula: Ed= (dQâQ)/(dPâP). It measures the sensitivity of the quantity demanded (Q) according to changes in the price (P). Elasticity is almost always negative as the relationship between the demand and the price is decreasing in most situations. To illustrate: an increase in price results in a decrease in demand in the vast majority of cases.