Answer:
what are the cities :-:
Step-by-step explanation:
Answer:
Range is 18.
Step-by-step explanation:
Range can be calculated by subtracting the smallest value of the data set from the largest value of the data set.
The values are:
13, 17, 18, 15, 12, 21, 10, 6, 8, 11, 3
Largest Value in this data set: 21
Smallest Value in this data set: 3
Range = Largest Value - Smallest Value
Range = 21 - 3
Range = 18
The price elasticity of demand of the pen will be -0.2.
<h3>How to compute the elasticity?</h3>
The demand and supply schedule will be:
Price Qd. Qs
$10. 250. 100
$20. 200. 90
$30. 180. 80
The price elasticity of demand from $1 to $2 will be:
= Percentage change in quantity demanded/percentage change in price
Percentage change in quantity demanded will be:
= (200 - 250)/250 × 100
= -20%
Percentage change in price will be:
= (20 - 10)/10 × 100
= 100%
Therefore, the elasticity of demand will be:
= -20/100
= - 0.2
The value gotten illustrates an inelastic demand.
In order to increase the total revenue, the price can be reduced as it will lead to more sales.
Learn more about PED on:
brainly.com/question/21105870
#SPJ1
<u>Complete question:</u>
Choose any product or service. Create the demand and supply schedule.
Calculate just one PED.
Is the demand elastic or inelastic?
What price change would you recommend to increase TR?
Question 13 is 14 x is 14
321 times 23 is 7,383
3,829 divided by 1,221 is (rounded to the nearest hundredth) 3.14
(the real number was: 3.13595414)
