Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.
Answer:
Hope this helps!
Step-by-step explanation:
We will need the loan payment formula:
That formula is really complex and we expect you to solve it.
Your monthly payment would be $1.93 per month for 6 years making the TOTAL loan cost 1.93 * 12 * 6 = 138.96
Since the principal you borrowed is $120 the total interest =
(138.96 minus 120.00) which equals $18.96
Answer: -2x + 12
Step-by-step explanation:
2A + B = 2(-2x + 8) + (2x - 4) = -4x + 16 + 2x - 4 = -2x + 12
