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Nitella [24]
2 years ago
7

If quantity demanded for sneakers falls by 6 percent when price increases 20 percent, we know that the absolute value of the own

price elasticity of sneakers is multiple choice 0.7. 2.3. 0.3. 3.3.
Mathematics
1 answer:
s344n2d4d5 [400]2 years ago
6 0

Answer:

0.3

Step-by-step explanation:

→ State formula

Δ Quantity demanded ÷ Δ Price

→ Substitute in the numbers

6 ÷ 20 = 0.3

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d. Last month at least one of their patients lost less than 3 lbs.

Answer: It is a possibility that all the patients have lost their weights greater than 3 lbs. Since the mean is computed by summing up all the values (weight loss in this case) by the total number of observations, it is possible that there can be no patient who has lost less than 3lbs. So, this statement is False.

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Answer e.Last month, the number of their clients who lost less than 8 lbs was equal to the number of their clients who lost more than 8 lbs is True

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Step-by-step explanation:

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