almontexo51 almontexo51

21-07-2020
Business

contestada

a. Using the midpoint method, what is the price elasticity of demand from a price of $5.00 to a price of $4.00 per pack of 100 screws

Respuesta :

abiolataiwo2015 abiolataiwo2015

23-07-2020

Answer:

-9.09

Explanation:

Calculation for the price elasticity of demand

Using the midpoint method.

First step is to find the Demand

Demand = (120 - 0)/((120 + 0)/2) = 2

Demand =120/60

Demand =2

Second step is to find the Price

Price = (4 - 5)/((4 + 5)/2)

Price=- 1/4.5

= -0.22

Now let calculate for the price elasticity of demand

Using this formula

Price elasticity of demand =Demand/Price

Let plug in the formula

Price elasticity of demand=2/-0.22

Price elasticity of demand = -9.09

Therefore Using the midpoint method, the price elasticity of demand will be -9.09

Answer Link

Otras preguntas

a biologist has a -gram sample of a radioactive substance. find the mass of the sample after three hours if it decreases according to a continuous exponential d

3. What is the proper ordering (from greatest to least) of the following numbers? I.58/67 II.0.58% III.58% IV.5.8% O I, III, II, O III, IV, II, I O I, III, IV,

however, when comparing the net increase in cash she calculated to the actual difference in the beginning and ending balance of the cash account, they did not a

you are asked to look through an opening into what appears to be an ordinary room that has a small boy standing in the left corner. as the boy walks from the le

assume a bond with a $1,000 par value and a 7 percent coupon rate, three years remaining to maturity, and a 9 percent yield to maturity. the duration of this bo

. when performing the crossed-aldol reaction, it is very important to control the stoichiometry of the reaction. referring to the reaction in

Which nervous system disorder involves a hemorrhage in the brain or an obstruction of the blood flow to the brain, resulting in death to the brain tissue?.

1. [5 pts] the step response of the inductor in the circuit above, the switch has been in position a for a long time. the switch is switched to position b at t

according to purchasing-power parity, if the same basket of goods costs $100 in the u.s. and 50 pounds in britain, then what is the nominal exchange rate?

in macroland there is $12,000,000 in currency. the public holds 60% of the currency and banks hold the rest as reserves. if banks' desired reserve/deposit ratio