3 years ago

I need help ASAP will mark you the brainliest

Mathematics

1 answer:

love history [14]3 years ago

6 0

Answer:

The similarity is they are using tools to help them make the lines, but the differences are they are using different tools to make different lines. While 1 of the tools is similar to the other

Step-by-step explanation:

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It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a 10

Akimi4 [234]

Answer:

Correct option: (A) 43.48% fall in the price of a ticket.

Step-by-step explanation:

The price elasticity of demand is defined as the percent change in quantity demanded to the percent change in the price.

$Price\ elasticity\ of\ demand=\frac{\%\ change\ in\ quantity\ demanded}{\%\ change\ in\ price}$

Given:

Price elasticity of demand = 0.23

% change in quantity demanded = 10

Compute the % change in price as follows:

$Price\ elasticity\ of\ demand=\frac{\%\ change\ in\ quantity\ demanded}{\%\ change\ in\ price}\\0.23=\frac{10}{\%\ change\ in\ price}\\{\%\ change\ in\ price}=\frac{10}{0.23}\\=43.4783\\\approx43.48$