Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
Answer: It is 7
Step-by-step explanation:
Answer:
h = -5*t +800
Step-by-step explanation:
The initial value is 800 ft
She is falling at a rate of 5 ft per second
That would be -5ft/s
We can write this in the form
y = mx+b
h = -5*t +800 where t is the number of seconds and h is the height above ground
Answer:
D
Step-by-step explanation:
If it was 6 degrees cooler on Monday than it was on Sunday, but also having Tuesday be 4 degrees warmer than Monday, Wednesday would have to be 2 degrees cooler than Tuesday because it is a number that would comply with the limits
