Answer:
The demand for candy bars is inelastic
Explanation:
The midpoint rule calculate the price elasticity of demand as percentage change in quantity divided by the percentage change in price:
<u>% change in quantity </u>
The quantity demanded increased from 500 to 600. We have
<u>% change in price</u>
The price changed from 1 dollar to 0.8 dollars.
Price elasticity if demand is
The negative sign tells us that there is an inverse relationship between price and quantity demanded.
Since 0.82 is less than 1, the demand for candy bars is inelastic
Answer:
Quick Access Toolbar
Explanation:
this toolbar help you to find features of an app without having to use the general menu of the application.
17 which should equal 215.01 I think- sorry if I’m wrong
In recent years, the courts have taken to mean robinson-patman act such that price discrimination is illegal if it decreases rivalry but which also controlled language that could be understood as creating illegal all price discrimination not centered on alterations in cost.
Answer:
because you spend 1k or more