Using the midpoint method (show your work), calculate the price elasticity of demand when the price of a barrel of gosum berries rises from $10 to $20. What kind of elasticity is this value that you computed for the price elasticity of demand and what does it mean for how demand will change based on a change in price within this price range?

Answers

Answer 1

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 = [tex]\frac{Q_2-Q_1}{(Q_1+Q_2)/2} *100\%=\frac{800-900}{(900+800)/2}*100\%= -11.76\%\\[/tex]

Percentage change in price =

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

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

Using The Midpoint Method (show Your Work), Calculate The Price Elasticity Of Demand When The Price Of

Related Questions

assume that for a particular group of students, the events is a senior and is female are independent. If 30% of the students are seniors and 54% of the students are female, what is the probability of being a female senior?​

Answers

Answer:

C

Step-by-step explanation:

If 30% of the entire population of students are seniors, then this will apply to the female population as well. This means that the probability of being a female senior is 30% * 54%=0.3*0.54=0.162=16.2%, or answer choice C. Hope this helps!

Two of the opposite vertices of a square have the coordinates (4, - 4) and ( - 3, 3) respectively as shown on the grid below. Which of the following are the coordinates of the OTHER two vertices of the square?

Answers

Answer:

(4 , 3 ) and (-3 , -4)

Step-by-step explanation:

Other two vertices will be in 1st quadrant and 3 rd quadrant

Answer: (4 , 3 ) and (-3 , -4)

Step-by-step explanation: Other two vertices will be in 1st quadrant and 3 rd quadrant

What is the unit price for an ounce of coffee if a 120-ounce package costs $9.60?
answers

Answers

_______________________________

Hey!!

Solution,

cost of 120 ounce of coffee= $9.60

cost of an ounce of coffee= 9.60/120

=$ 0.08

Hope it helps

Good luck on your assignment

_____________________________

Answer:

So for an estimation my answer would be 0.08

Step-by-step explanation:

Do 9.60 divided by 120.

Hope this helps, have a good day! :)

(Picture of formula and work below)

Which of the following are like terms?
12x
A
-8
3x2
15x
-X
x

Answers

Answer:

12x, 15x, -x, and x are like terms.

Step-by-step explanation:

These are terms that can be combined together in equations because they are multiplied by the same term or they are integers, etc. (BTW, I'm not sure if 3x2 means 3 times 2 or 3 times x times 2, if it is 3 times x times 2, then that is also a like term!)

Answer:

12x
15x
-x
Included whole page!

EDGE2022; Good Luck :3!!!

Find the y-intercept of the following equation. Simplify your answer. 25 points will mark Brainly


y = 9x − 9


y-intercept =

Answers

Answer:

- 9

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

y = 9x - 9 ← is in slope- intercept form

with y- intercept c = - 9

Complete the statements about series A and B. Series A: 10+4+ 8/5 + 16/25 + 32/125 + ... Series B: 1/5+ 3/5 + 9/5 + 27/5 + 81/5 + ... Series ____ has an r value of ___ where 0 < |r| < 1 . So, we can find the sum of the series. The sum of the series is ___.

Answers

Answer:

Series "A" has an r value of "2/5" where 0 < |r| < 1 . So, we can find the sum of the series. The sum of the series is "50/3".

Step-by-step explanation:

To find the r (rate) of each series, we can divide one term by the term before:

Series A: 4 / 10 = 2/5

Series B: (3/5) / (1/5) = 3

So the series A has an r value between 0 and 1, so we can find the sum of the series.

The sum is given by the formula:

Sum = a1 / (1 - r)

Where a1 is the first term. So we have that:

Sum = 10 / (1 - (2/5))

Sum = 10 / (3/5)

Sum = 10 * (5/3) = 50/3

Answer:

Series "A" has an r value of "2/5" where 0 < |r| < 1 . So, we can find the sum of the series. The sum of the series is "50/3".

CAN I HAVE AN ANSWER PLEASE?
Jasmine is traveling at 45 miles per hour. At that same rate, which of the following proportions could be used to find how long it will take her to travel 135 miles?

1. 45 miles / 1 hour = n hours/135 miles
2. 45 miles/n hours = 135 miles/1 hour
3. 45 miles /1 hour = n miles /135 hours
4. 45 miles/1 hour = 135 miles/n hours

Answers

Answer:

3 hours

Step-by-step explanation:

 Jasmine's hourly distance covered (her rate of travel) is 45 mi / hr.

   45 miles       135 miles

   -------------- = ----------------

       1 hour               x

Cross-multiplying, we get 45x = 135, or x = 3 hours

HELP PLEASE

X P

0 0.03

1 0.13

2 0.70

3 0.10

4 0.04

Use the probability distribution table to answer the question.


P ( 2 < X ≤ 4)


Enter your answer, as a decimal, in the box.

Answers

Answer:

0.14

Step-by-step explanation:

Geometry
Find a:
Fill in the blank

Answers

Answer:

a=15

Step-by-step explanation:

[tex]a^{2} =9*25\\a^{2} =225\\\\\sqrt{a} =\sqrt{222\\a=15[/tex]

Hope it helps

there are two spinners. spinner A has 2, 4, 6 on it. spinner B has 3, 6 and 9 on it. wat is the probability of scoring more than 3

Answers

Answer:

5/6

Step-by-step explanation: im not sure if this is right...?

Please answer correctly !!!! Will mark brainliest !!!!!!!!!!!!!!

Answers

Answer:

g(-8) = -62

Step-by-step explanation:

solve for x:

8x +2 = -62 subtract 2 from each side

8x =-64 divide by 8

x =-8

lola rode her bike for 7/10 of an hour on Saturday, and 3/5 of an hour on Sunday.
How much longer did she ride her bike on Saturday and Sunday?

Answers

Answer:

She rode 1/10 of an hour more on Saturday

Step-by-step explanation:

Take the time she rode on Sunday and subtract that from Saturday

7/10 - 3/5

Get a common denominator

7/10 - 3/5*2/2

7/10 - 6/10

1/10

She rode 1/10 of an hour more on Saturday

The cube root of 2x2x2x73​

Answers

Answer:

2*cuberoot(73)

Step-by-step explanation:

We can move the 2^3 put of the radical as a 2

Please help. Sooooo confused. GOAL is a quadrilateral in which GO is parallel to AL. If the measures of angle G=angle O = 40 degrees. What are the measures of angle A send L. It is not mentioned that A is equal to L,so?

Answers

Answer:

Angle A and L are 140 degrees each.

Step-by-step explanation:

Since GO and AL are parallel to each other, we can use the same side interior theorem to figure out angle A and L. Let's focus on GA first. We know that same side interior angles are supplementary (sum is 180 degrees). We know angle G is 40 degrees, so to figure out angle A, you do 180-40 which equals 140. So angle A is 140 degrees. You repeat this process for OL and you should also get 140 degrees for L.

Evaluate the expression shown for x = 9.
Negative StartFraction 5 over 6 EndFraction x + 7
Negative 13 and one-third
Negative one-half
7 and one-third
9 and two-thirds

Answers

Answer:

So since the equation is -5/6x+7 we need to plug in equation. So x is equal to 9 we have -45/6x+7. Now we need to simplify. That will give us -7 1/2+7

= - 1/2 So the answer is B

The answer is -1/2

What is expression?

An expression in math is a sentence with a minimum of two numbers/variables and at least one math operation in it. Let us understand how to write expressions. A number is 6 more than half the other number, and the other number is x. This statement is written as x/2 + 6 in a mathematical expression.

Given:

-5/6 x+ 7

Now, for x=9

-5/6 * 9 + 7

=-15/2+7

=(-15+14)/2

=-1/2

Learn more about expression here:

https://brainly.com/question/14083225

#SPJ2

If quadrilateral WXYZ is reflected over the y-axis, what will be the coordinates of point X ′ in the image?

Answers

Answer:

(-1,6)

Step-by-step explanation:

When you reflect over the y-axis, the x value becomes the opposite sign

Answer:

-1 6

Step-by-step explanation:

i copied the first answer

Can someone plz help me solved this problem plz! I need help ASAP! Plz help me solved this problem

Answers

For question A it’s y= 2/7
For question B it’s y=8/7

Answer:

1) 3.5

2) 0.875

5)7y -14

Step-by-step explanation:

1)7y= 0+2

Y= 2/7=

3.5

2)7y= 6+2=8

Y= 8/7=0.875

5) I just multiplied outside value which is7 with the value inside the bracket

I just solve the one I know.

I will give you brainliest!!!! Add the equations.

Answers

Answer:

7x = 9

Step-by-step explanation:

3x -2y = 15

4x+2y = -6

---------------------

7x + 0y = 9

7x = 9

£580 is divided between Sushil, Fiona & Pip so that Sushil gets twice as much as Fiona, and Fiona gets three times as much as Pip. How much does Fiona get?

Answers

Answer:

Fiona gets £ 174

Step-by-step explanation:

Ths problem has three unknowns: the amounts each person gets. So let's identify each amount with a letter to write them in mathematical equation form:

Amount Sushil gets is : "x"

Amount Fiona gets is : "y"

Amount Pip gets is : "z"

Now we write three equations based on the information we have:

1) the addition of all these amounts should equal the 580 total:

x + y + z = 580

2) Sushil (x) gets twice as much as Fiona (y):

x = 2 y

3) Fiona (y) gets three times as much as Pip (z):

y = 3 z

So we can write the first equation in terms of "z" only, by using the appropriate substitutions in the intermediate stes:

Replace every instance of "y" with "3 z":

Equation 2 can give then "x" in terms of "z" as well:

x = 2 y = 2 (3 z) = 6 z

Then Eq 1 becomes:

6 z + 3 z + z = 580

10 z = 580

and therefore:

z = £ 58

Now Fiona's amount (y) is "3 times z", therefore:

y = 3 * 58 = £ 174

A red light
flashes on
every
8 secs and a
green light flashes on
flashes on every 10 secs. If the two
lights are switched on
at the same time.
After how long will both lights flash on
together?

Answers

Answer:

Both lights would flash together after every 30 seconds.

Step-by-step explanation:

6 = 2 * 3 and 10 = 2 * 5.

LCM (Least Common Multiple) of 6 and 10 = 2 * 3 * 5 = 30.

Therefore, both lights wold flash together after every 30 seconds.

Answer:

every 30 seconds.

Step-by-step explanation:

I'm a banana

I'm a banana

I'm a banana

Look at me move, yeah yeah

I'm a banana

I'm a banana

I'm a banana

Look at me move, ah

Banana power

Banana power

Banana power

Power

Banana power

Banana power

Banana power

Look at me move

Uh oh banana time

Uh oh banana time

Uh oh banana time

Stop

Stop

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Carts, farts, marts, darts

Hearts, starts, carts, marts

Carts, marts, darts, farts

Darts, starts, hearts, ah

Chicken, chicken, chicken

I am

Chicken, chicken

Chicken

Stop

Look at me

Look at me move

I'm a banana

I'm a banana

I'm a banana

yes

Please help ! I don’t understand :(

Answers

Answer:

A. The number quadrupled each week

Step-by-step explanation:

f(x)= 3(4)^x

As per the function, each week number increases 4 times

So the answer choice is A

the weights of cars passing over a bridge have a mean of 3550 lb and a standard deviation of 870 pounds. Assume that the weights of cars passing over the bridge or never distributed. Use the empirical rule to estimate the probability that a randomly-selected car going over the bridge will weigh less than 940 lbs

Answers

Answer:

  a.  0.15%

Step-by-step explanation:

The Z-score of 940 pounds is ...

  (X -µ)/σ = (940 -3550)/870 = -3

The empirical rule tells you that 99.7% of the normal distribution lies within Z = ±3. Half of the remaining 0.3% lies below Z = -3, which is the set of weights of interest.

The probability that a car weighs less than 940 lbs is about 0.15%.

A car was marked $25,000. Ms. Eve bought it at a discount of
18%. In addition, she had to pay 7% tax. If Ms. Eve had to put
14% of what she had to pay as down payment, how much
money did she have to pay for the down payment?
4​

Answers

Answer:

$3,745

Step-by-step explanation:

First, you have to calculate the price after the discount is applied:

Price of the car: $25,000

Discount: 18%

$25,000*18%= $4,500

$25,000-$4,500= $20,500

Second, you have to calculate the total amount she has to pay including the 7% tax:

$25,000*7%= $1,750

$25,000+$1,750= $26,750

Third, as the statement indicates that Ms. Eve had to put  14% of what she had to pay as down payment, you have to calculate the 14% of $26,750:

$26,750*14%= $3,745

According to this, Ms. Eve has to pay $3,745 for the down payment.

Which table represents a linear function?

Answers

Answer: first one

Step-by-step explanation:

The x coordinate of the midpoint is the _____ the x coordinates of the endpoints.

Answers

Answer:

average

Step-by-step explanation:

The midpoint is always the average or middle of the line. So here it would be the average of the two x endpoints.

Can someone help me this question?

Answers

Answer:

The answer is B.

Step-by-step explanation:

Answer:

Answer is B because it makes the most sense and AL ot of other people said it's B

System of equations by elimination
2x - 3y = 5
2x + 2y = 10

Answers

2x-3y=5
2x=5+3y
X=5+3y/2



2x+2y=10
2(x+y)=10
x+y=10/2
x+y=5
X=5-y

What must be true in order for line A to be parallel of line b?

Answers

Answer:

Its the first option.

Step-by-step explanation:

if they are both 180° then they can both go on forever without touching each other.

Answer:

c or (5x-54)°=(3x+16)°

Step-by-step explanation:

Since they are alternate angles, they must be equal. Alternate angles are always equivalent, and since you can't choose more than one answer, then they can't equal 180° or 90°.

Which BEST describes the shape of the distribution?
A) uniform
B) skewed right
C) skewed left
D) roughly symmetrical

Answers

Answer:

skewed left

Step-by-step explanation:

this is because most of the data set is on the right side

Answer:

C

Step-by-step explanation:

The bars are definitely not equal (so a isn't the answer), neither is it symmetrical (so d isn't the answer). Most of the data is on the right, so it's skewed left

What is the equation of a circle with radius, r = V14, and the center at (- 10. 8)

Answers

Answer:

can i get choices?

Step-by-step explanation:

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