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Katena32 [7]
4 years ago
5

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to​

SAT
1 answer:
kodGreya [7K]4 years ago
8 0

Answer:

The correct answer to the following question will be "3".

Explanation:

The given values are:

Percentage demand,

= 6% i.e., .06

Percentage change in the price,

= 2% i.e., .02

Now,

Own-price elasticity of demand will be:

=  \frac{Percentage \ demand}{Percentage \ change \ in \ price}

On substituting the estimated values, we get

=  \frac{.06}{.02}

=  3

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Using the knowledge in computational language in JAVA it is possible to write a code that reads a list of words.

<h3>Writting the code in JAVA:</h3>

<em>import java.util.*;</em>

<em>//class name LabClass</em>

<em>public class LabClass{</em>

<em>    //function getFrequencyOfWord with array wordList, ListSize and currWord as parameter</em>

<em>    public static int getFrequencyOfWord(String[] wordsList, int ListSize, String currWord){</em>

<em>        int frequency = 0;</em>

<em>        //for loop for iteration </em>

<em>        for(int i=0; i<ListSize; i++){</em>

<em>            //if current word matches with words present in list</em>

<em>            //then increase the frequency by 1</em>

<em>            if(wordsList[i].compareTo(currWord)==0){</em>

<em>                frequency++;</em>

<em>            }</em>

<em>        }</em>

<em>        //return frequency at last </em>

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<em>    //main function </em>

<em>    public static void main(String[] args) {</em>

<em>        //creating object of Scanner class </em>

<em>        Scanner sc = new Scanner(System.in);</em>

<em>        int size;</em>

<em>        //asking user to input size of list </em>

<em>        System.out.println("Enter the size of list :");</em>

<em>        size = sc.nextInt();</em>

<em>        //creating array of same size as user input size</em>

<em>        String[] wordList = new String[size];</em>

<em>        sc.nextLine();</em>

<em>        //asking user to input array elements </em>

<em>        System.out.println("Enter list elements one by one :");</em>

<em>        for(int i =0; i<size; i++)</em>

<em>        {</em>

<em>            wordList[i] = sc.nextLine();</em>

<em>        }</em>

<em>        System.out.print("\n");</em>

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<em>        //calling function getFrequencyOfWord in every iteration by passing</em>

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<em>        for(int i=0; i<size; i++)</em>

<em>        {</em>

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<em>            System.err.println(currWord + " : " + count);</em>

<em>        }</em>

<em>    }</em>

<em>}</em>

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<h3>What is couple?</h3>

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that's my answer

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