Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity = 
Percentage change in price =
Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
Answer: The correct answer is Choice D.
If 24 percent of the snack mix is pretzel, we simply need to multiply the total number of ounces by 0.24.
0.24 x 32 = 7.68
7.68 ounces of the snack mix will be pretzels.
Answer:
D? maybe, I'm not sure. it jsut makes the most sense.
Do 5.4 plus 5.8 then do 3.4w minus 1.8w and whatever you get for each is your key to the expression. So if you were to solve the answers like A you would do 7(1.6+w) and see what you would get. Obviously A isn't the answer. Sorry, this is hard to explain. But the answer is C
To make it like a simple, I'll make an equation. Let x be the number of hours because x represents unknown and we don't know the hours. Then your per hour is $7.25 right? so it would be x7.25. You want to know how many hours you will work so you can earn $125. The equation is simple as this x7.25 = 125.
All you have to do is divide the equation by 7.25 because that's your per hour.
It will look like this, <u>x7.25</u> = <u>125</u> then the answer would be 17.24 hours.
7.25 7.25
