Hi guys . pls help me with this
1 answer:
Step-by-step explanation:
The upstream speed is S / t₁, and the downstream speed is S / t₂.
If we say f is the speed of the fish in calm water, and r is the speed of the river, then:
f − r = S / t₁
f + r = S / t₂
If we say T is the time it takes to cross the river, then the speed perpendicular to the river is ℓ/T, the speed parallel to the river is r, and the overall speed is f.
Using Pythagorean theorem:
f² = (ℓ/T)² + r²
f² − r² = (ℓ/T)²
(f − r) (f + r) = (ℓ/T)²
(S / t₁) (S / t₂) = (ℓ/T)²
S² / (t₁ t₂) = (ℓ/T)²
(t₁ t₂) / S² = (T/ℓ)²
√(t₁ t₂) / S = T/ℓ
T = ℓ√(t₁ t₂) / S
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Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity =
Percentage change in price =
Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
