B) 7/10
It is B because there are 7 out of 10 possibilities that you would get a number greater than 7 or an odd number.
Ok so, when working to find if a fraction is equal to another you must know what it is cut down by. So 6 / 2 = 3. Now let's break down 7 by 2. It is 3.5 that is not four. So no 6/7 so not equal to 3/4.
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
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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?
Answer:
Its the fourth one 1693000
Step-by-step explanation:
20 medium and large pumpkins
m ... number of medium pumpkins
l ... number of large pumpkins
20 = m + l
20 = m + (m + 6)
20 = 2 * m + 6
2 * m = 20 - 6
2 * m = 14
m = 7 medium pumpkins
l = 20 - 7 = 13 large pumpkins
Result: Julio bought 13 large pumpkins.