Given:
Old Price of book =P100
Let X= Change in quantity
Let Y= Change in Price (10%)
The formula for price elasticity
is:
Price
Elasticity = (% Change in Quantity) / (% Change in Price)
.50=X/Y
-.50=X/(10)
x/10=.50
X=.50(10)
X=5
Let Z=New
Quantity Demanded
Z=100+.05(100)
Z=100+5
Z=105
Let A=New
price
A= 100+.10(100)
A=100+10
A=110
New Total
revenue =Z(A)
=105*110
<span>=11,550</span>
mark me brainliest please
The team should give serious thought about bidding when the company has excess production capacity that is not being meant to produce more. In that sense it can be in great danger and that would be the ideal point to bid. This action needs to be taken and then more actions, most of them "agressive", would come about, like trying as much as they can to win contracts to supply what they need.
Answer:
B. being unwilling to sell a vase for a price that is greater than the price you would be willing to pay to buy the vase if you didn't already own it
Explanation: