Answer:
Step-by-step explanation:
Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.
Answer:
BCF is the correct answer
Answer:
What was the result of civil wars breaking out in countries such as Honduras, Nicaragua, Guatemala, and El Salvador in the 1970s?
increased spread of famine
increased trade with other nations
the rebirth of enslavement
the deaths of many people
Step-by-step explanation:
When finding the percent difference between two numbers, there are two ways you can do this.
1. The first way is how to calculate the percentage INCREASE of two numbers:
-The formula is Increase / Original Number × 100 = % increase
Step 1: Find out the difference between the two numbers you're comparing. New number - Original number = Increase.
Step 2: Divide the increase by the original number and then multiply your answer by 100. (If your answer is a negative number, then it is a percent decrease, not a percent increase.)
2. The second way is how to calculate the percentage DECREASE of two numbers:
Step 1: Find out the difference between the two numbers you're comparing. Original number - New number = Decrease.
Step 2: Divide the decrease by the original number and then multiply your answer by 100. Decrease ÷ Original Number × 100
= % Decrease. (If your answer is a negative number, then is is a percent increase, not a percent decrease.)
