1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gennadij [26K]
2 years ago
7

Use the midpoint method to calculate the price elasticity of demand for potato chips that increased in price from $2.00 to $3.00

. The quantity demanded decreased from 100 bags a week to 50 bags a week at the local grocery store. Round to one decimal place
Social Studies
1 answer:
fiasKO [112]2 years ago
5 0

Answer:

e_p ≅ -1.7.

Explanation:

Let's calculate the change in quantity:

\frac{Q_2 - Q_1}{\frac{Q_2+Q_1}{2} } = \frac{50-100}{\frac{50+100}{2} } = (approx.) -0.67.

Let's now calculate the change in price:

\frac{P_2 - QP_1}{\frac{P_2+P_1}{2} } = \frac{3.00-2.00}{\frac{3.00+2.00}{2} } = 0.40.

Finally, let's calculate the price elasticity of demand:

e_p = \frac{-0.67}{0.40} = (approx) -1.7.

You might be interested in
Write about the impacts of individuals characters on the society and the nation ​
mario62 [17]

Answer:

It impacts our personality

Explanation:

8 0
3 years ago
George, who is 3 years old, seems to talk almost constantly, even if no one is listening. george also seems not to notice mistak
Papessa [141]
The answer is Egocentrism
4 0
3 years ago
Occasionally, you see or hear things. Your friends tell you it's your imagination, but eventually you come to think your friends
KatRina [158]

Answer:

cognitive view

Explanation:

Based on the information provided in regards to the situation at hand it can be said that this scenario is consistent with the cognitive view of psychology. This psychological perspective focuses on memory, problem solving, and language, and their processes in thinking and developing conclusions. Which is what is happening in this situation since you friends actions are making you process information in a certain way that is leading to specific conclusions.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Feudalism was created by the Franks.
zheka24 [161]

Answer:

the answer is true the Frank's did create Feudalism

7 0
3 years ago
Research has indicated that people in a ________ mood are better able to ________. Group of answer choices good;
solmaris [256]

The correct answer is good;  deal with others

Explanation:  People who are in a good mood or at a good time can deal with people because it becomes simpler when they do not have major problems, this makes it possible to have a greater possibility of empathy with each other.

3 0
3 years ago
Other questions:
  • The camps in Poland only contained Jews? True or False?
    10·2 answers
  • You want to conduct some sociological research on whether people on social networking sites are less likely to meet in person as
    14·1 answer
  • one of the functions of the family is to teach children how to survive in the society around them. true or false
    6·1 answer
  • which of the following represents an investment in human capital? A.) a company invests in new computers for on the job use B.)
    9·2 answers
  • Why was connecticut established?
    9·1 answer
  • Write any two advantages of development activities?<br>​
    12·2 answers
  • what do you think are some of the issues that the federalists and the anti federalists were discussing in 1788 that people still
    5·1 answer
  • What is the difference between corned beef and pastrami
    13·1 answer
  • Why was it so important for the empires and states of central africa to control the sahel region
    6·2 answers
  • According to dr. james reason, there are two types of human failure which can occur. they are:_____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!