P1=300 P2=1,000 Q1=100 Q2=90

Answers

Answer 1

Answer: -0.043

Explanation:

You didn't really say what you really want to solve but looking at this, I believe it should be the price elasticity of demand.

The formula for calculating the price elasticity of demand will be:

= Percentage change in quantity demanded / Percentage change in price

Percentage change in quantity demanded = (90 - 100) / 100 × 100

= -10/100 × 100

= -10

Percentage change in price = (1000 - 300) / 300 × 100

= 700/300 × 100

= 233

Price elasticity of demand = -10/233 = -0.043


Related Questions

A hot dog and three pickles costs $6.50. Two hot dogs and two pickles costs $7.00.

Answers

Answer:

pickle=1.5

hot dog = 2

Explanation:

hot dog =x

pickle=y

x+3y=6.5

2x+2y=7

2x+6y=13

2x+6y=2x+2y+6

4y=6

y=1.5

x+3(1.5)=6.5

x=6.5-4.5

x=2

proof

4+3=7

2x+2y=7

Answer:

so the answer is 13.50

Explanation:

How long is the Mississippi river ?

Answers

Answer:

2,318 mi

Explanation:

The Mississippi River is 2,318 miles long

Should I do AP classes?

Answers

Yesssssssssssssssssssssssssssssss
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