Answer:
The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.
Answer:
243.01.
Step-by-step explanation:
The first term (a) = 324.
The common ratio (r) = -108/324 = -1/3.
So sum of 9 terms is:
S(9) = 324 * (1 - (-1/3)^9) / ( 1 - (-1/3)
= 324 ( 1 - (-0.00005076)) / 4/3
= 324 * 1.00005076 / 1.33333
= 243.012.
Hello, I’m not super sure about the last part but to get 1 divide 20 by 20 and then from 1 multiply by 12 to get 12. I hope this helps :)