The price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears is -0.8 and -2.3 respectively.
<h3>How to calculate price elasticity</h3>
Change in price of gummy bears = $2. 60 to $3
Elasticity of demand of sugar-free gummy bears =
[(273-379 / (273+379)/2] ÷ [(3.00-2.60)/(3.00+2.60) / 2]
= [-18/166] / [0.4/2.8]
= -0.10843373493975 / 0.14285714285714
= - 0.75903614457826
Approximately, -0.8
Elasticity of demand of regular gummy bears:
Sugar free = [(273-379) / (273+379)/2] ÷ (3.00 +2.60) / 2]
= [-106/326] / [0.4/2.8]
= -0.32515337423312 / 0.14285714285714
= -2.2760736196318
Approximately, -2.3
Learn more about price elasticity:
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Answer:
Neil Armstrong was the first person to step on the moon on July 20, 1969. Buzz Aldrin and Neil walked around for about three hours. So, both Aldrin and Armstrong were the first, technically speaking.
I don’t know the answer to your question
Answer:
2.82 atm
Explanation:
Initial:
V1 = 28 liters, T1 = 450 C = 450 + 273 K = 723 K, P1 = ?
Final:
V2 = 34 liters, T2 = 350 C = 350 + 273 K = 623 K, P2 = 2.0 atm
Use P1 * V1 / T1 = P2 * V2 / T2
so P1 = P2 * (V2/V1) * (T1/T2) = 2.0 * (34/28) * (723/623) = 2.82 atm
