Answer:
Step-by-step explanation:
1) 2x -y = 1 -------1
3x - y = -6 ------2
Subtract eqn 2 from eqn 1
-x = 1--6 = 7
x = -7
Put x= -7 in eqn 1
2*-7-y = 1
-14-y = 1
- y = 15
y = -15
2) 4x +2y = 10------1
y = 4x + 2--------2
Put eqn 2 in eqn 1
4x + 2 ( 4x+ 2) = 10
4x + 8x + 4 = 10
12x = 6
x = 6/12 = 1/2
Put x = 1/2 in eqn 2
y = 4* 1/2 + 2= 2 + 2
= 4
3) 6x - y = 2------1
y = 3x + 4---------2
Put eqn 2 in eqn 1
6x - (3x +4) = 2
6x - 3x - 4 = 2
3x = 6
x = 2
y = 3*2 + 4 = 6 + 4
= 10
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:
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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:
D,E are not functions
Step-by-step explanation:
A function is a relation in which every input has not more than one output.But the output of the inputs may be same.Here in D the input 1 has 4 different outputs as 1,2,3,4.So its not a function.Similarly in E 6 has 2 outputs as 2 and -1.For remaining sets the inputs has only one output.so they are functions.
Answer:
8 11/100, 8.11, Hope this helpe :)
Step-by-step explanation:
Answer:
3m + 2 ≤ 20
Step-by-step explanation:
Since they only have $20 and CANNOT go over it, the inequality would be ≤ 20
3m + 2 ≤ 20
