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2 years ago

2. Us i ng the filled table above,

Mathematics

1 answer:

VARVARA [1.3K]2 years ago

8 0

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.

Learn more about PED on:

brainly.com/question/21105870

#SPJ1

<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?

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Answer:

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3 years ago

Read 2 more answers

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3 years ago

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3 years ago

Graph y 2 = 3/4(x – 6) using the point and slope given in the equation Use the line tool and select two points on the line.

Harman [31]

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Step-by-step explanation:

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3 years ago

Someone help me with that <br><br> Thank you

ehidna [41]

1. 23,763 + 20 = 23,783

2. 23,763 + 200 = 23,963

3. 75,379 - 5 = 75,374

4. 476,932 - 1,000 = 475,932

Greater than = Add
Less than = Subtract

Comment if you need any help.

6 0

2 years ago