Step-by-step explanation:
The price elasticity of demand of the pen will be -0.2.
<h3>How to compute the elasticity?</h3>
The demand and supply schedule will be:
Price Qd. Qs
$10. 250. 100
$20. 200. 90
$30. 180. 80
The price elasticity of demand from $1 to $2 will be:
= Percentage change in quantity demanded/percentage change in price
Percentage change in quantity demanded will be:
= (200 - 250)/250 × 100
= -20%
Percentage change in price will be:
= (20 - 10)/10 × 100
= 100%
Therefore, the elasticity of demand will be:
= -20/100
= - 0.2
The value gotten illustrates an inelastic demand.
In order to increase the total revenue, the price can be reduced as it will lead to more sales.
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<u>Complete question:</u>
Choose any product or service. Create the demand and supply schedule.
Calculate just one PED.
Is the demand elastic or inelastic?
What price change would you recommend to increase TR?
Answer a = 5 and b = 2.
Procedure
Initially means x = 0, then
5 = a*b^0 = a*1 = a, then a = 5
When x = 1, the height is the double of 5, i.e 10 and
10 = a.b^1 = a.b ⇒ b = 10/a = 10/5 = 2
The a = 5 and b = 2, so the equation is y =5(2)^x
Answer:
E) 1 and 2
Step-by-step explanation:
We are given that there are two integers (s and t) and they are factors of another integer (n). For example if s = 3 and t = 2, we can have n = 6.
Thus:
n^(st) = 6^(2*3) = 6^6 = (2^6)(3^6)
For the first condition: s^t = 3^2 is a factor of (2^6)(3^6)
For the second condition: (st)^2 = (3*2)^2 = 6^2 is a factor of 6^6
For the third condition: s+t = 3+2 = 5 is not a factor of 6^6 or (2^6)(3^6)
Therefore, only 1 and 2 are factors of n^(st)
