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.
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<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?
6.50 * 22.5 = 146.25 dollars
Answer: C is not true
Step-by-step explanation:
I can't really explain why c is not true but I know for sure that A, B, and D are True.
Answer:

Step-by-step explanation:
1. Approach
Divide the given figure up into two simple figures, a trapezoid, and a rectangle. Calculate the area of each figure by using their respective area formula. Then add up the results to get the value for the area of the entire figure.
2. Area of the trapezoid
The first figure is a trapezoid, calculate its area by using the following formula,

Where parameters (
) and (
) represent the base of the trapezoid, and (
) represents the height. Substitute in the given values and solve.

Simplify,



3. Area of the rectangle
The other figure formed by the partition of the two figures is a rectangle. The formula to find the area of a rectangle is the following,

Where (
) represents the base of the figure, and (
) represents the height of the figure. Substitute in the values for the given parameters and solve,

Simplify,

4. Find the total area
Now add up the values for the area of each figure. The result will be the total area of the figure,

Substitute,

Simplify,
