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:
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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:
The dimensions of the rectangle = 60ft by 107ft
Where 60 ft = Width of the playing field
107ft = Length of the playing field
Step-by-step explanation:
A playing field is Rectangular is shape, hence,
The formula for Perimeter of a rectangle = 2(L + W)
P = 334 ft
L = 47 + W
W = W
Hence we input these values in the formula and we have:
334 = 2(47 + W + W)
334 = 2(47 + 2W)
334 = 94 + 4W
334 - 94 = 4W
240 = 4W
W = 240/4
W = 60
There fore, the width of this playing field = 60 ft
The length of this rectangle is calculated as:
47 + W
47 + 60
= 107 ft
The length of this playing field = 107ft
Therefore the dimensions of the rectangle = 60ft by 107ft
Answer:
just multiply 7 by 21 and 21 by 7
like
2*21/7*21. + 10*7/21*7
41/147+ 70/147
111/147. Ans
Open circle with an arrow to the left of the number line with the circle on 1.5 in the middle of 1 and 2
