4 times what equals 204? Explanation please.

2 answers:

5 0

To find the answer to your question you just have to divide 204 by 4:

204 / 4 = 51

It means that 4 times 51 equals 204:

4 * 51 = 204

I hope it will help you :)

Radda [10]2 years ago

3 0

4 x ? = 204
?= 204/4
? = 51

4 goes into 20 5 times then 4 goes into 4 1

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Using the midpoint method (show your work), calculate the price elasticity of demand when the price of a barrel of gosum berries

Setler79 [48]

Answer:

0.18

Step-by-step explanation:

Given that:

P₁ = $10, P₂ = $20

From the tables Q₁ = 900, Q₂ = 800

Using midpoint method:

Percentage change in quantity = $\frac{Q_2-Q_1}{(Q_1+Q_2)/2} *100\%=\frac{800-900}{(900+800)/2}*100\%= -11.76\%\\$

Percentage change in price =

$\frac{P_2-P_1}{(P_1+P_2)/2} *100\%=\frac{20-10}{(20+10)/2}*100\%= 66.67\%\\$

Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18

The Price of elastic demand is positive because we took the absolute value and elasticity are always positive

Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.

This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded