Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity = 
Percentage change in price =

Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
Answer:
Weather data includes any facts or numbers about the state of the atmosphere, including temperature, wind speed, rain or snow, humidity, and pressure. These days, we have some amazing ways to collect this kind of data. We have high-tech equipment that can measure everything with amazing accuracy.
A. Natural Numbers
B. Whole Numbers
C. Integers
Answer:
Step-by-step explanation:
we have
-----> equation A
----->
-----> equation B
Substitute equation B in equation A
solve for Y