Answer:
The price elasticity of demand is -10
Step-by-step explanation:
Given
[tex]p_1,p_2 = 50,40[/tex]
[tex]q_1,q_2 = 400,500[/tex]
Solving (a): The coefficient of price elasticity of demand (k)
This is calculated as:
[tex]k = \frac{\triangle q}{\triangle p}[/tex]
So, we have:
[tex]k = \frac{500 - 400}{40 - 50}[/tex]
[tex]k = \frac{100}{-10}[/tex]
[tex]k = -10[/tex]
Because |k| > 0, then we can conclude that the company made a wise decision.
if side of square is 4.05 find its area
Answer:
A
≈
16.4
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