Answer:
A frequency distribution table lists the data values, as well as the number of times each value appears in the data set. A histogram is a display that indicates the frequency of specified ranges of continuous data values on a graph in the form of immediately adjacent bars.
Step-by-step explanation:
Answer:
m = 1; n = 0.5
Step-by-step explanation:
5m - 2n = 4; m - 4n = - 1
250 units would be demanded when price is $11.67.
<h3>What is price elasticity of demand?</h3>
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
<h3>What is the price?</h3>
Percentage change in the quantity demanded = (250 / 200) - 1 = 25%
Percentage change in price = 25% / 1.5 = 16.67
Price = (1 + 0.1667) x 10 = 11.67
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-10 because it is exactly 10 away from 0
