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3 years ago

11. Find out price elasticity of demand from the following table:

Mathematics

1 answer:

klio [65]3 years ago

4 0

Answer:

Price elasticity of demand = 1

Step-by-step explanation:

Old quantity demanded = 200

New quantity demanded = 150

Old price = 8

New price = 10

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded = change in quantity demand / old demand × 100

= 50/200 × 100

= 0.25 × 100

= 25%

percentage change in price = change in price / old price × 100

= 2/8 × 100

= 0.25 × 100

= 25%

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

= 25% / 25%

= 1

Price elasticity of demand = 1

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3 years ago

2. Determine the sum of the first 400 ODD numbers.<br><br>

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Odd numbers take the form $2n-1$ , where $n\ge1$ is an integer. When $n=400$ , the last odd number would be 799. So we're adding

$S=1+3+5+\cdots+795+797+799$

By reversing the order of terms, we have

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###

We could also make use of the formulas,

$\displaystyle\sum_{i=1}^n1=n$

$\displaystyle\sum_{i=1}^ni=\dfrac{n(n+1)}2$

We have

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3 years ago

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Keith_Richards [23]

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1 year ago

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QveST [7]

Answer:

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Step-by-step explanation:

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