Answer:
(-7,2) is a solution but where is the question?
Step-by-step explanation:
Answer:
Step-by-step explanation:
It’s zero
Answer:

Step-by-step explanation:

Answer: The price elasticity of the demand for skateboards = 0.6.
Step-by-step explanation:
Since we have given that
Original price of skate boards = $200
Quantity of skate board = 10
New price of skate boards = $300
Quantity of skate board = 7
Since we know that "Price of commodity is inversely related to quantity demanded."
So, price elasticity of demand is given by

Hence, the price elasticity of the demand for skateboards = 0.6.