Answer:
20%
10%
0.5
5%
Step-by-step explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in price = (1.2/1) - 1 = 20%
Percentage change in quantity demanded = 450/500 - 1 = 10%
Answer:
The difference is 5/12.
Step-by-step explanation:
Answer:
16x
Step-by-step explanation:
Answer:
<em>120m square.</em>
Step-by-step explanation:
If on average 20% of the garden is equal to 24m square, 24m * 4 = 80%, which is 96.
96msq + 24msq = 120msq