<h3>
Answer: $6</h3>
Explanation:
To take 10% of anything, move the decimal point 1 spot to the left.
The number 60.0 will become 6.00 or simply 6.
In other words, we chop off the 0 at the end go from 60 to 6.
Answer:
Step-by-step explanation: when h(x) = 10
h(x)= 6-x
h(10)= 6-10
=-4
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:
30%
Step-by-step explanation:
Find the total number of candies in the jar.
8 + 5 + 1 + 6 = 20
The probability of choosing a green candy is 6/20 = 3/10 = .3 = 30%
