![rebecca0022](/avatars/20141.jpg)
rebecca0022
23.08.2019 •
Mathematics
If the price elasticity of demand for a product is -.8, and the product currently sells for $100 per unit, how much will demand for the product change (expressed as a percentage) if the price is increased to $110 per unit?
Solved
Show answers
More tips
- C Construction and repair How to Choose the Best Underfloor Heating?...
- C Computers and Internet How to Get Rid of Windows Genuine Check?...
- C Computers and Internet War of Social Media: Which Platform is the Leader?...
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Mathematics
- M Mathematics A statistics practitioner would like to estimate a population mean to within 50 units with 99% confidence given that the population standard deviation is 250. What sample...
- M Mathematics Show that 7 + 10/y+2 = 9/y simplifies to...
- M Mathematics James works in a post office and is paid $8 per hour. Last week, he worked 32 hours and this week he worked 33.25 hours. How much should his biweekly (every 2 weeks) paycheck...
- M Mathematics A number is at most 45...
- M Mathematics AB = 2x-5 BC = 6x AC = 27...
- M Mathematics A book sold 35,300 copies in its first month of release. Suppose this represents 6.3 of the numbers sold to date. How many copies have been sold to date?...
- M Mathematics Anand needs to hire a plumber. He s considering a plumber that charges an initial fee of $ 65 $65dollar sign, 65 along with an hourly rate of $ 28 $28dollar sign, 28. The...
- M Mathematics Tim earns $280 every week in his paycheck. If he saves 10% of each paycheck for 12 weeks. How much will he have in his savings account?...
- M Mathematics Find the value of x....
- M Mathematics Evaluate |-6| + 3|4| + |-5| - 0 × 6. 0 18 23 25...
Ответ:
Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.
Ответ:
sorry to hear about this friends and respective people and teachers who are in a position