Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
I’m assuming you want to work out the area
area = length x width
area = 10 x 8
area = 80 inches^2
Sec x is equal to 1/cosx, cot x is equal to cosx/sinx. cos x cancels, and you are left with 1/sinx. this is equal to cscx. Cosecant is : hypotenuse / opposite, so the answer is **D**
Answer:
B
Step-by-step explanation:
Hope this helps
