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:
1843:6754.9709254546.,657675
Step-by-step explanation:
30 is 20% of 150.
30/x = 20/100
30 * 100 = 20 * x
(30 * 100)/20 = x
x = 150
Answer: The ration for 27:71, would be 3/8. Hope this helps!
Answer:
150 miles
Step-by-step explanation: The distance from Page to Flagstaff can be shown with the equation d = r * t, or distance = rate * time. In this case, the rate is 60 mph, and the rate is 2.5 h. Plugging that into the equation you get d = 2.5(60) = 150, giving you your distance.