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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Explanation:
1: This idiom is a descendant of the above. It chiefly means to go to bed in the sense of stopping the activity one has been doing for the night. (I'll answer all correctly if you mark me "brainlist", notify me if you choose.)
Answer:
independent variables : are variables that are self independent
dependent variables: are variables that depend on the independent variables
Explanation:
eg. As the pressure of the room increases its temperature increases
independent variable : the pressure of the room as its not effected by anything else (mentioned in the equation )
dependent variable : Heat of the room as it depends on the increases or decrease in pressure