The price of cookies was increased from $4 to $5, the quantity demanded by stores went down 50%, what is price elasticity of dem
and?
1 answer:
Assume the normal quantity of cookies is x.
The demanded quantity by the stores now:
0.5x
The previous cost is: $4 * 0.5x = $2x
The cost of demanded quantity by the stores now: $5 * 0.5x = $2.5x
The price elasticity of demand: $2.5x - $2x = $0.5x
Hope that helps you
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V = 4/3 π r³
E. 27 ..............
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- -12 <u><</u> x <u><</u> 13
Answer:
46
Step-by-step explanation:
324 - 278 = 46
278 + 46 = 324
