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 =
Percentage change in price =
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
Answer:
(B) The inequality that represents this relationship is
Step-by-step explanation:
Let us assume the given number = x
⇒ 3 times the given number = 3 (x) = 3x
Square of the given number =
Now, According to the question:
The difference of (3 x) and 15 is no less than
⇒
or,
Hence, the given inequality is represented as
Answer:
-12
Step-by-step explanation:
6 times -2 is -12.
_____
"Lowers by 2°" can be represented by an integer of -2.
Answer:
y = 12
Step-by-step explanation:
Divide both by 1/4
x = 1 when y = 32/3
When x = 1 1/8 = 9/8
y = 32/3 x 9/8
y = 12