Answer:
$0.35
Explanation:
The computation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
So, Change in quantity demanded would be
= Q2 - Q1
= 40 - 30
= 10
Now, Average of quantity demanded
= (40 + 30) ÷ 2
= 35
Change in price
= P2 - P1
= $35 - $15
= $20
And, the average of price would be
= ($35 + $15) ÷ 2
= $25
Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)
= 0.28 ÷ $0.8
= $0.35
Answer:
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Explanation:
I hope that help you
We can enumerate three ways on how we can implement the project that would soften the impact of the issue on the community. These three ways are enumerated below:
1. Understand the talent of the youth and discuss the proposed project that would help to their development. The benefit of this project is to divert the attention of the youth into a healthy lifestyle instead of being attractive into illegal drugs which are very common nowadays.
2. Discuss the projects by giving them the all the options that would benefit them rather than creating damage to their livelihood. Organize meetings and open forum.
3. Introduce to them the health impact of the project.
The real GDP will decrease by $500 billion.
<h3>
What is GDP?</h3>
A country's gross domestic product (GDP) is the sum of the market values of all the finished goods and services produced within its borders during a specific time period. As a general measure of all domestic production, it provides a comprehensive evaluation of the economic health of a specific nation. GDP is frequently calculated on an annual basis, although it is also occasionally approximated on a quarterly basis. For example, the US government generates an annualised GDP estimate for the entire year as well as each fiscal quarter. Each item of data in this report is supplied in actual terms, which allows for the calculation of the data to account for price changes. The result is data that is net of inflation.
To learn more about GDP, visit:
brainly.com/question/15682765
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