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
Learn more about price elasticity:
brainly.com/question/24961010
Explanation:
A letter that describes a civil rights leader’s experience in prison
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The statement that best describes this political communication is : It is an example of propaganda.
<h3>What is political communication?</h3>
Political communication are information shared through various media, which have political context. They are connection concerning politics and citizens and the interaction modes that connect these groups to each other.
Political communication is important because it is a combination of different social sciences field which include political science and psychology science.
Hence, the statement that best describes this political communication is that It is an example of propaganda.
Learn more about political communication here: brainly.com/question/385201
