Answer:
Demand is Elastic when Price > 200 ; Demand is inelastic when Price < 200
Step-by-step explanation:
p = 400 - 4x
4x = 400 - p
x = (400 - p) / 4 → x = 100 - p/4
Elasticity of demand [ P ed ] = (Δx / Δp) x (p / x)
Δx / Δp [Differentiating x w.r.t p] = 0 - 1/4 → = -1/4
P ed = <u>-1</u> x<u> p </u>
4 (400 - p)/4
= <u>-1</u> x <u> 4p </u> = -p / (400-p)
4 (400 - p)
Price Elasticity of demand : only magnitude is considered, negative sign is ignored (due to negative price demand relationship as per law of demand).
So, Ped = p / (400 - p)
Demand is Elastic when P.ed > 1
p / (400-p) > 1
p > 400 - p
p + p > 400 → 2p > 400
p > 400 / 2 → p > 200
Demand is inelastic when P.ed < 1
p / (400-p) < 1
p < 400 - p
p + p < 400 → 2p < 400
p < 400 / 2 → p < 200
80% decrease. because 1% of 300 is 3 which you multiply 3*20 and which means 20 percent equals $60 the leftover percent is the decrease
Answer:
4! /2! (4-2)!
= 4×3 ×2×1 /2×2 = 6 answer
Answer:
Thus, the value of x is 1.
Step-by-step explanation:
4(2x+6)=32
8x+24 =32
8x =32-24
8x =8
x =8÷8
x =1
Answer:
2x - 4
Step-by-step explanation:
Additive inverse of -2x + 4 = 2x - 4
To find the additive inverse, change the sign of each term
