Answer:
it would decrease by 10%
Step-by-step explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in price = ($10 - $8) / $8 = 0.25 x 100 = 25%
0.4 = percentage change in quantity demanded / 25%
percentage change in quantity demanded = 25% x 0.4 = 10%
Answer:
0.5 × 10^7
Step-by-step explanation:
1.6 divided by 3.2 =0.5
10 to the power or 14 minus 10 to the power of 7 = 10 to the power of 7
in division you must subtract the power number
Answer:
Step-by-step explanation:
48k+48=-3k-3
48k+45=-3k
-51k=-3
solving for k
.0588 or .059