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:
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<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?
The missing value depends on the speed of jonas to total miles covered by jonas.......if we were to assume that he jogged up the hill at a distance of 15minutes then the trip took him 42 min in total so the remaining travel time would be 27 minutes .....lets say he is walking down the hill at .5 miles per min,.. you shpuld multiply by 27 by .5 which is 13.5
Basically, what you will do is 540 divided by 6
When you divide that, you should get, 90 parcels.
Hope this helps! Have a good rest of your day! c:
nah buddy
Step-by-step explanation:
The missing values are (-6, -9) ( The last option)
Explanation:
x= - 6 has already produced the value of y as 5, the only pair in the given option the make the given ordered pairs NOT to be a function is (-6, -9) since it will give the value of y to be - 9.
