The solution to this problem can be found by taking 20% of $62.50:
0.2(62.5) = 12.5
The way the question is worded is confusing, but I think it's asking how much of a discount you would get. You would receive a $12.50 discount.
Answer:
199
Step-by-step explanation:
plug in x=19.6, then
g(19.6) = 10 * 19.6 +3= 199
Answer:
3.7
Step-by-step explanation:
Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86