Answer:
Demand is Elastic when Price > 200 ; Demand is inelastic when Price < 200
Step-by-step explanation:
p = 400 - 4x
4x = 400 - p
x = (400 - p) / 4 → x = 100 - p/4
Elasticity of demand [ P ed ] = (Δx / Δp) x (p / x)
Δx / Δp [Differentiating x w.r.t p] = 0 - 1/4 → = -1/4
P ed = <u>-1</u> x<u> p </u>
4 (400 - p)/4
= <u>-1</u> x <u> 4p </u> = -p / (400-p)
4 (400 - p)
Price Elasticity of demand : only magnitude is considered, negative sign is ignored (due to negative price demand relationship as per law of demand).
So, Ped = p / (400 - p)
Demand is Elastic when P.ed > 1
p / (400-p) > 1
p > 400 - p
p + p > 400 → 2p > 400
p > 400 / 2 → p > 200
Demand is inelastic when P.ed < 1
p / (400-p) < 1
p < 400 - p
p + p < 400 → 2p < 400
p < 400 / 2 → p < 200
Answer:
-2 7/12
Step-by-step explanation:
Let x represent the unknown number.
x + (-5 2/3) = -8 1/4
Adding 5 2/3 to both sides of the equation tells us ...
x = 5 2/3 -8 1/4 = -2 7/12
The other number is -2 7/12.
_____
The difference can be found as ...
-(8 1/4 -5 2/3) = -(8 3/12 -5 8/12) = -((8 -5) +(3/12 -8/12)) = -(3 -5/12)
= -(2 7/12)
If Tammie makes $150 a day as a bank clerk and took two days off work without pay to fly to another city and attend the concert of her favorite music group then Tammie trip to the concert cost $600.
Https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwjU_em6ksTX...
