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
You just add 16. The answer is 32.<span />
Answer:
Simplified= −x+9
Step-by-step explanation:
Answer:
Big square - unshaded = shaded
((8+4)X(10+5))-(10X8)=100
Answer: 100
Step-by-step explanation:
Answer:
The shortest sides is 12.5.
Step-by-step explanation:
5 + 8 + 11 = 24
60 / 24 = 2.5
So 2.5 * 5 = 12.5
