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malfutka [58]
3 years ago
13

Amy and mike are going to an amusement park. they each bought ice cream, and mike got a soda. amy. y had a $10 coupon to put tow

ard the cost, and mike paid the rest, which came to $30.25. admission for one person costs $18, and ice cream costs $1.50. how much does a soda cost at the amusement park?
Business
2 answers:
Helen [10]3 years ago
6 0

Answer:

Soda at the amusement park costs $1.25.

Explanation:

N76 [4]3 years ago
5 0

We have that

Cost total-------------------------$10 coupon+$30.25=$40.25

<span>ice cream costs                        $1.50*2</span>= -$3

<span>admission cost                        $18*2</span>= -$36

<span>soda cost                                   $X*1</span>= -$X

 $40.25=$3+$36+$X

$X= $ 1.25

a soda costs at the amusement park $ <span>1.25</span>

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Explanation:

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a. 0.3

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The coefficient of elasticity for inelastic demand is usually less than one.

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than 1. If price is increased, the quantity demanded falls and total revenue falls.

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I hope my answer helps you

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