Consider Nibbles, a very specialized brand of parakeet chow.

Mathematics

1 answer:

Orlov [11]2 years ago

3 0

The price elasticity of demand for the parakeet chow is 1.33.

<h3>What is price elasticity of demand?</h3>

Price elasticity of demand is the change in product quantity demanded to change in price.

From the question:

$\%\ Change\ in \ quantity=\frac{30000-40000}{30000}= -33.3\%\\\\\%\ Change\ in \ price=\frac{20-16}{16}= 25\%\\\\PED=|\frac{\%\ Change\ in \ quantity}{\%\ Change\ in \ price} |=|\frac{-33.3\%}{25\%}|=1.33$

The price elasticity of demand for the parakeet chow is 1.33.

Find out more on elasticity of demand at: brainly.com/question/24384825

You might be interested in

What values for θ (0 ≤ θ ≤ 2pie ) satisfy the equation?

svetoff [14.1K]

Factor out the cosθ:
cosθ (2sinθ + sqrt3) = 0
Therefore, the only ways this can happen are if either cosθ = 0 or if (2sinθ + sqrt3) = 0
The first case, cosθ = 0 only at θ = pi/2, 3pi/2.
The second case, (2sinθ + sqrt3) = 0 simplifies to:
sinθ = (-sqrt3)/2
θ = 4pi/3, 5pi/3
Therefore the answer is A.

7 0

3 years ago

Hey can some one please help me !!!

natulia [17]

1 is C- Algebraic expression: it consist of numbers and variables

2 is D- the number of times Chris washes the car

6 0

3 years ago

Read 2 more answers

The distance from your house to the park is represented by the expression "5x + 4 more than 2 − 2x." The distance from the park

Neko [114]

Answer: