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ELEN [110]
3 years ago
15

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
They're usually 365 days in each year every 4th year is call a leap year and has one extra day in February how many days are the
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Answer:

Total number of days in 8 years is 2,922 days.

Step-by-step explanation:

Number of days in a Normal year  = 365 days

Number of days in a  leap year  =  366 days

Also, Leap year comes exactly ONE TIME in every FOUR YEARS.

⇒ In every consecutive 4 years, 1 year is a leap year.

⇒ So, number of leap years in 8 years  =   2

Now, 8 Years  = 6 Normal years +  2 leap Years

<u>Number of days in 6 normal years</u>

= 6 x ( Number of days in a regular year)

= 6 x (365 days)  = 2,190 days

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= 2 x ( Number of days in a leap year)

= 2 x (366 days)  = 732 days

So, Total number of days in 8 years

= Number of days in 6 regular years  + Number of days in 2 leap years

= 2,190 days  +  732 days

= 2,922 days

Hence, total number of days in 8 years is 2,922 days.

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3 years ago
What is the exercise 3-8?
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What is 2 equivalent ratios for 7 to 11
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