The volume of the prism is the amount of space on the prism
The volume of the cylinder is 760 cubic units
<h3>How to determine the volume?</h3>
The question is incomplete.
So, we make use of the following parameters
- Shape = Cylinder
- Radius, r = 11
- Height, h = 2.
The volume of a cylinder is calculated using:
V = πr²h
Substitute known values in the above formula
V = 3.14 * 11² * 2
Evaluate the product
V = 759.88
Approximate
V = 760
Using the assumed values, the volume of the cylinder is 760 cubic units
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The price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears is -0.8 and -2.3 respectively.
<h3>How to calculate price elasticity</h3>
Change in price of gummy bears = $2. 60 to $3
Elasticity of demand of sugar-free gummy bears =
[(273-379 / (273+379)/2] ÷ [(3.00-2.60)/(3.00+2.60) / 2]
= [-18/166] / [0.4/2.8]
= -0.10843373493975 / 0.14285714285714
= - 0.75903614457826
Approximately, -0.8
Elasticity of demand of regular gummy bears:
Sugar free = [(273-379) / (273+379)/2] ÷ (3.00 +2.60) / 2]
= [-106/326] / [0.4/2.8]
= -0.32515337423312 / 0.14285714285714
= -2.2760736196318
Approximately, -2.3
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