Both of them are the first answer choice
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?
Answer: In your problem, you said that they are squared. However, it is not written as squared. We just have to multiply them.
We can use the FOIL method.
(3b - 5c)(3x + 5y)
6bx + 15by - 10cx - 25cy
There are no like terms, so that expression is our final answer.
Answer60
Step-by-step explanation:
Answer:
Step-by-step explanation:
When does the value of f(x) = (1/2)x equal the value of g(x) =2x+8?
