Answer:
This is an percentage change question, by any chance you have a maths textbook, look for units that contains the topic: Percentage Change. Now, let's get solving! :)
Step-by-step explanation:
Firstly, you must multiply 4.5% with 56. That is: shipping fees x purchase price
That gives ($) 2.52 (this is your answer)
No addition/totaling needed as the question asked ONLY for the shipping fees.
Stay safe and Merry Christmas! :)
The answer is 0.50.
P(4<=X<=8)=P(x=4)+ P(x=5)+ P(x=6)+ P(x=7)+ P(x=8)= 0.05+ 0.15+0.15+0.15 +0 = 0.50
Notice that in 8 the line touches the x axis so it’s corresponding probability is 0.
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?
Answer:
the answer is 2
Step-by-step explanation:
