The price elasticity of demand of the pen will be -0.2.
<h3>How to compute the elasticity?</h3>
The demand and supply schedule will be:
Price Qd. Qs
$10. 250. 100
$20. 200. 90
$30. 180. 80
The price elasticity of demand from $1 to $2 will be:
= Percentage change in quantity demanded/percentage change in price
Percentage change in quantity demanded will be:
= (200 - 250)/250 × 100
= -20%
Percentage change in price will be:
= (20 - 10)/10 × 100
= 100%
Therefore, the elasticity of demand will be:
= -20/100
= - 0.2
The value gotten illustrates an inelastic demand.
In order to increase the total revenue, the price can be reduced as it will lead to more sales.
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<u>Complete question:</u>
Choose any product or service. Create the demand and supply schedule.
Calculate just one PED.
Is the demand elastic or inelastic?
What price change would you recommend to increase TR?
Answer:
The largest possible volume V is ;
V = l^2 × h
V = 20^2 × 10 = 4000cm^3
Step-by-step explanation:
Given
Volume of a box = length × breadth × height= l×b×h
In this case the box have a square base. i.e l=b
Volume V = l^2 × h
The surface area of a square box
S = 2(lb+lh+bh)
S = 2(l^2 + lh + lh) since l=b
S = 2(l^2 + 2lh)
Given that the box is open top.
S = l^2 + 4lh
And Surface Area of the box is 1200cm^2
1200 = l^2 + 4lh ....1
Making h the subject of formula
h = (1200 - l^2)/4l .....2
Volume is given as
V = l^2 × h
V = l^2 ×(1200 - l^2)/4l
V = (1200l - l^3)/4
the maximum point is at dV/dl = 0
dV/dl = (1200 - 3l^2)/4
dV/dl = (1200 - 3l^2)/4 = 0
3l^2= 1200
l^2 = 1200/3 = 400
l = √400
I = 20cm
Since,
h = (1200 - l^2)/4l
h = (1200 - 20^2)/4×20
h = (800)/80
h = 10cm
The largest possible volume V is ;
V = l^2 × h
V = 20^2 × 10 = 4000cm^3
Answer: y = 1.8
Step-by-step explanation:
xy = 12.6 If x is 7 but 7 in the equation for x
7y = 12.6 Divide both sides by 7
y = 1.8
256 x 3 is uhh 768 so it would be 2 of the 128 sticks