Sally's pet store sells goldfish. The fish they sell, every goldfish needs 4 gallons of water in the tank. Frank's pet store sel
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Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.
Answer:
D
Step-by-step explanation:
given ×
the 2j on the denominator of the first fraction cancels with the 2j on the numerator of the second fraction, leaving the expression in simplified form as
= → D