Answer:
3
Step-by-step explanation:
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:
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<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?
I do believe it would be a 2.2
Answer:
Step-by-step explanation:
Let the sides be a, b and c.
<h3>Given</h3>
The length of one side of a triangle is 2 feet less than three times the length of its second side
The length of the third side is 3/4 of the sum of the lengths of the first two sides:
The perimeter of the triangle is 17.5 feet:
<h3>Solution</h3>
Substitute a with b in the second equation:
- c = (3/4)(3b - 2 + b) = (3/4)(4b - 2) = (3/4)(4b) - (3/4)(2) = 3b - 1.5
Now substitute a and c with b in the third equation and solve for b:
- 3b - 2 + b + 3b - 1.5 = 17.5
- 7b - 3.5 = 17.5
- 7b = 17.5 + 3.5
- 7b = 21
- b = 3
Find the value of a:
- a = 3b - 2 = 3*3 - 2 = 9 - 2 = 7
Find the value of c:
- c = 3b - 1.5 = 3*3 - 1.5 = 9 - 1.5 = 7.5
The sides of the triangle are:
- a = 7 feet, b = 3 feet, c = 7.5 feet
<span>Megan
went to beach 34 times last summer.
June = x
July = 6 * june
August = 2 * june
Thus Let’s find the value of june, which is the value of x as a variable:
Equation:
x + 6x + 2x = 34
Solution:
=> x + 6x + 2x = 34
=> 9x = 34
=> 9x / 9 = 34 / 9
=> x = 3.7778, since this is a decimal, let’s round this off to 3.78
Let’s check our answer
=> 4 + 6(4) + 2(4)
=> 4 + 24 + 8
=> 36 approximately.</span>
