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.
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<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:
Since each cracker in the 190 gram box costs $ 0.0078 while the 850 gram box costs $ 0.0082 each, the 190 gram box is a better deal.
Step-by-step explanation:
Knowing that a 190-gram box of crackers costs $ 1.49 and an 850-gram box costs $ 6.99, to determine which of them is a better deal, the following calculation must be performed:
1.49 / 190 = 0.0078
6.99 / 850 = 0.0082
Therefore, since each cracker in the 190 gram box costs $ 0.0078 while the 850 gram box costs $ 0.0082 each, the 190 gram box is a better deal.
P E M D A S
Pren
Equ
Multiply
Divide
Add
Subtract
Answer:
5. 43.98 (if not rounding pi, if rounding pi it is 43.96)
6. 201.06 (if not rounding pi, if rounding pi it is 200.96)
7. 72.8
8. 84
9. 3.6
10. 140
11. C
12. 12.6
Step-by-step explanation:
5. C=2*pi*r
6. A=pi*r^2
7. angles in triangle must add up to 180
8. A=bh
9. radius is half of diameter
10. A=(hb)b/2
11. A=pi*r^2
12. radius is 1/2 of diameter
Answer:
its 50
Step-by-step explanation:
