Answer:
i think it would be time but dont quote me on that tho lol
Step-by-step explanation:
plz correct me if im wrong
All you need to do is add them all together and the answer is 22.3 :)
Answer:
20%
10%
0.5
5%
Step-by-step explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in price = (1.2/1) - 1 = 20%
Percentage change in quantity demanded = 450/500 - 1 = 10%
Jack paid $ 23000 for the ring.
<u>Solution:</u>
Given that, Jack Matthew bought a new diamond ring for $20,000
Sales tax is 5% with a 10% excise tax
<em><u>To find: total price including taxes</u></em>
Given that sales tax is 5% of 20,000

Also given that excise tax is 10%

<em>Total price = cost price + sales tax + excise tax</em>
Total price = 20,000 + 1000 + 2000
Total price = 23000
Hence, jack paid $ 23000 for the ring.
4 because when u solve it that’s what you get