on the first day of a local fair, 55 children, 20 adults, and 25 senior citizens were admitted. if children's tickets cost $5.00
2 answers:
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Answer:
The percent change in quantity is -0.14%.
Step-by-step explanation:
The formula to compute the change in quantity is:
The income elasticity of demand is 2.80.
Percent change in price is -5% (since the prices decreases)
Compute the percent change in quantity demanded as follows:
Thus, the percent change in quantity is -0.14%.
Answer:
10 rides
Step-by-step explanation:
$6 is for admission (fixed), so if you paid $31 in total, $6 went to admission, so you had $31 - $6 = $25 left for the rides.
If each ride costs $2.50 and you have $25 to ride, the number of rides you took was:
So 10 rides