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lina2011 [118]
3 years ago
11

Using the midpoint method (show your work), calculate the price elasticity of demand when the price of a barrel of gosum berries

rises from $10 to $20. What kind of elasticity is this value that you computed for the price elasticity of demand and what does it mean for how demand will change based on a change in price within this price range?

Mathematics
1 answer:
Setler79 [48]3 years ago
7 0

Answer:

0.18

Step-by-step explanation:

Given that:

P₁ = $10, P₂ = $20

From the tables Q₁ = 900, Q₂ = 800

Using midpoint method:

Percentage change in quantity = \frac{Q_2-Q_1}{(Q_1+Q_2)/2} *100\%=\frac{800-900}{(900+800)/2}*100\%= -11.76\%\\

Percentage change in price =

\frac{P_2-P_1}{(P_1+P_2)/2} *100\%=\frac{20-10}{(20+10)/2}*100\%= 66.67\%\\

Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18

The Price of elastic demand is positive because we took the absolute value and elasticity are always positive

Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.

This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded

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Why did both of their names have to start with the same letter

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8 0
3 years ago
1) El largo de un rectángulo mide el triple que su ancho. Si el ancho mide 12 cm, el perímetro del rectángulo es: Selecciona la
Wittaler [7]

Answer:

1) c) 96 cm

2) c) 17,15 m

3) c) 294 m

4) d) 332 metros

Step-by-step explanation:

1)

La fórmula para el perímetro de un rectángulo = 2L + 2W

= 2 (largo + ancho)

L = longitud

W = ancho

Se nos dice en la pregunta que:

La longitud de un rectángulo es tres veces su ancho. Si el ancho es de 12 cm

Por lo tanto,

L = 3 W

L = 3 × 12

Largo = 36cm

Por lo tanto, el perímetro =

2 (largo + ancho) cm

= 2 (36 + 12) cm

= 2 (48) cm

= 96 cm

2)

La fórmula para el perímetro de un heptágono regular = 7a

Donde a = longitud de un lado

De la pregunta,

a = 2,45 m laterales

Por lo tanto, el perímetro de un Heptágono regular = 7 (2,45 m)

= 17,15 m

3)

La fórmula para el perímetro de un rectángulo = 2L + 2W

= 2 (largo + ancho)

L = longitud

W = ancho

Se nos dice en la pregunta que:

Si un campo de fútbol tiene 98 m de largo y su ancho es igual a la mitad de esta medida,

Por lo tanto,

L = 98 m

W = 1/2 de longitud

Ancho = 1/2 (98)

= 49

Por lo tanto, el perímetro =

2 (largo + ancho) m

= 2 (98 + 49) m

= 2 (147) m

= 294 m

4)

El parque es de forma rectangular.

Longitud = 45 m

Ancho = 38.000 mm

Convertir mm en m

1 milímetro = 0,001 metro

38.000 milímetro =

38.000 × 0,001 metros

= 38 metros (38 m)

La distancia alrededor del parque = perímetro del parque

Perímetro = 2 (L + W)

= 2 (45 + 38)

= 2 (83)

= 166 m

Distancia alrededor del parque una vez = 166 m

Pero nos dijeron que dio la vuelta al parque 2 veces, por lo tanto, la distancia que recorrió = 166 m × 2

= 332m

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3 years ago
Where is the exact volume of the sphere
baherus [9]

\bf \textit{volume of a sphere}\\\\ V=\cfrac{4\pi r^3}{3}~~ \begin{cases} r=radius\\[-0.5em] \hrulefill\\ r=12.3 \end{cases}\implies V=\cfrac{4\pi (12.3)^3}{3}\implies \stackrel{\pi =3.14}{V\approx 7790.83}

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3 years ago
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Answer:

The answer is A

Step-by-step explanation:

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Can u pls help me with this question ​
luda_lava [24]
The answer is $15.58
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