Answer:
Step-by-step explanation:
A highway engineer wants to compute the change in elevation of a section of road. The horizontal distance of this section of road is 2km and downgrade is 8%
The slope formula is given by
m = 8% = 8/100
run = y = 2km
Verification:
%
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
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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?
Answer:
-3 X 7= -21
Step-by-step explanation:
The answer is D. 4x7+5=33 8x7+5=61. Hope it helps
Answer: The correct answers are $45.15, $247.25 and $129
Step-by-step explanation:
In order to solve the problems you need to multiply each percentage by his gross monthly pay.
$2,150 x .021 = $45.15
$2,150 x .115 = $247.25
$2,150 x .06 = $129
