Answer:
the total number of profits made at the fair was $48. each person had to pay $8 to get in. how many people were at the fair
Step-by-step explanation:
Answer:
Step-by-step explanation:
What's the question?
923/5000
If you put it in your calculator
250 units would be demanded when price is $11.67.
<h3>What is price elasticity of demand?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
<h3>What is the price?</h3>
Percentage change in the quantity demanded = (250 / 200) - 1 = 25%
Percentage change in price = 25% / 1.5 = 16.67
Price = (1 + 0.1667) x 10 = 11.67
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
