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:
$1290
Step-by-step explanation:
1250x3.2%=40
1250+40=1290
Answer:
The answer is B.
Step-by-step explanation:
Given that the fixes amount is $25 per month. In order to find the total cost, C, you have to multiply $25 with the number of months.
C = 25m
Answer:
D.) 0.476
Step-by-step explanation:
The < sign means 'less than'. The only thing that .475 is less than is .476
Answer:
rectagular
Step-by-step explanation:
