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?
To answer this question, we need to recall that: "the diagonals of a rectangle bisect each other"
Thus, if we assign the point of intersection of the two diagonals in the rectangle as point O, we can say that the triangle OQR is an "isosceles triangle". Note that this is because the lengths OR and OQ are equal since we know that: "the diagonals of a rectangle bisect each other". See the below diagram for clarity.
Now, we have to recall that:
- the base angles of any isosceles triangle are equal. This is a fact, and this means that the angles
- also the sum of all the angles in any triangle is 180 degrees
Now, considering the isosceles triangle OQR, we have that:
Now, since the figure already shows that angle 
Now, since we have established that the base angles 
we can now solve the above equation for m<2 as follows:
Therefore, the correct answer is: option D
S represents the best distance from 1 and 0 to represent 33 1/3%
