1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KIM [24]
2 years ago
6

As the price of gummy bears rises from $2. 60 to $3 , what are the price elasticities of demand of sugar-free gummy bears and of

ordinary gummy bears? use the midpoint method and specify answers to one decimal place.
SAT
1 answer:
NISA [10]2 years ago
7 0

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:

brainly.com/question/24961010

You might be interested in
Break down of rocks and minerals into smaller particles without a change in composition is called_
VashaNatasha [74]

Answer:

Weathering breaks down the rocks, erosion moves the particles, and deposition drops the sediments in another location. 1. Physical Weathering – the breakdown of rocks and minerals into smaller pieces without a change in chemical composition. You're welcome.

Explanation:

7 0
3 years ago
INDEED I have a question what do they use to make Astronaut food and where would they sell it.????
Scorpion4ik [409]

Answer:

They use ice cream maybe they would have a store at the iss.

Explanation:

h

5 0
3 years ago
Read 2 more answers
A line graph can show information
Eduardwww [97]
The answer is C, they show info about years in the past, present and future, ask your teacher or any website and they can show you a line graph. :)
7 0
2 years ago
Read 2 more answers
Forms of money in the united states consist of paper money, coins, and _____.
fenix001 [56]

Answer: "checking account balances"

Explanation:

     If you had the options:

bartering

minting

checking account balances

   The option "checking account balances" is the answer to your problem. In simple terms, this is the "money you have in the bank."

<em>Learn more about your problem here: brainly.com/question/678565</em>

4 0
2 years ago
Read 2 more answers
In 2015, the mean SAT critical reading score for college-bound seniors was 495, with a standard deviation of 116. What is the z
Contact [7]
Sarah wants to find out how much time it would take to drive from her home to New York. At an average, she would drive at 55 miles per hour. If the distance to be covered is 1150 km and a mile equals 1.61 km, how much time will the trip take (to the nearest hour)? O 13 hours 21 hours 29 hours 34 hours
3 0
3 years ago
Other questions:
  • Using the given equation find the missing coordinates of the points and then find the slope of the line for each equation
    10·1 answer
  • What does SAT stand for
    10·2 answers
  • here plzzzzzz HELP just plzz you can do one of them the one with the comment you just have to make a intro and the second one yo
    8·1 answer
  • Tự học với sách giáo khoa là gì
    12·1 answer
  • A neutralization reaction between koh and h2so4 would give which two products.
    9·1 answer
  • Write the equation of a line in standard form that has x-intercept (p, 0) and y-intercept (0, r). Rx − py = pr rx + py = pr px −
    11·1 answer
  • A net force of 66 newtons accelerates a child at 2. 0 m/s^2.
    11·1 answer
  • This resource would best help a reader gain more understanding about
    15·1 answer
  • How much time does it take light from a flash camera to reach a subject 6. 0 meters across a room?
    6·1 answer
  • Mrs. Kelly, age 65, is entitled to Part A but has not yet enrolled in Part B. She is considering enrollment in a Medicare Advant
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!