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
Step-by-step explanation:
try surfing how to divide a function by the long division method
Answer:
The answer was graph 2
Step-by-step explanation:
I am horrible at explaining but this is the answer
Usually when you do expressions involving subtraction you can do Keep, Change ,Change
That means you keep the sign of the first number and change the other two signs.
It is best you rewrite the expression to addition because a lot of people don't do well with subtracting .
Answer: Multiplying and Dividing Decimals by Powers of 10
When you divide a decimal by a power of 10, simply move the decimal place to the left as many places as there are 0s in the power of 10.