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jekas [21]
3 years ago
5

Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people

attended the class. From the midpoint method, the price elasticity of demand for Zumba is:
A. 0.50.B. 3.33.C. 2.50.D. 0.20.E. 0.20
Business
1 answer:
Ugo [173]3 years ago
8 0

Answer:

Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is:

0.286

Explanation:

20 at $4.50= $90

10 at $5.50= $55

price elasticity= change in quantity demand/ change in price

20-10= 10 change in quantity demand

$90-$55= $35

10/35=0.286

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All things equal, a magma will have __________ viscosity than a lava
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The answer to this question is Lower
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As a new supervisor, you need to introduce yourself to your team of ten employees. the best medium for this type of non-routine
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Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see t
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Answer: BRIDGE LOAN

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In this case Karen and Jay have purchased the new house but sale of their old house is still pending thus from the above explanation we can conclude that bridge loan would be appropriate for them.

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3 years ago
Preparing a Cost of Goods Sold Budget
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Answer:

Direct Materials      $    14*20,000            = $ 28000

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3 years ago
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<h3><u>What is supply?</u></h3>
  • A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers.
  • When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
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Trends in supply and demand are what underpin the modern economy. Based on price, utility, and personal choice, any particular commodity or service will have its own unique supply and demand patterns.

Know more about supply with the help of the given link:

brainly.com/question/13296654

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