Answer:
im sorry im not sure if its corrrect but its the first one believe which is y=3/5x
Step-by-step explanation:
dont come for me if im wrong
⇒
is a improper fraction.
as a mixed number would be 4
⇒10 x 4 = 40
⇒40 + 9 = 49
= 4
⇒ANSWER = 4
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.
Learn more about PED on:
brainly.com/question/21105870
#SPJ1
<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?
First you must combine like terms, the two terms I this expression are x, and xy. So by adding -2xy to -2xy you get -4xy. Next you must add 3x to 3x. This gives you the simplified expression -4xy+6x. Hope this helps
