I did get the one in the tux ♂️ and the other one ☝️
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:
brainly.com/question/21105870
#SPJ1
<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?
Answer:
$965.23
Step-by-step explanation:
899.98 x .0725 = 65.25
899.98 + 65.25 = 965.23
- Hope this helps! If you need a further explanation please let me know.
Hello and Good Morning/Afternoon:
<u>Let's take this problem step-by-step</u>:
<u>Let's consider all the information given</u>:
- Eddie's pension is based on the average of his last four year's salaries
2. The employer will pay 1.2% of that average for each year he worked
3. The employer will therefore pay in total
<u>Answer: $23520</u>
<u></u>
Hope that helps!
#LearnwithBrainly
The answer is -652.39 try that answer
