The price of a good rises from $8 to $12, and the quantity demanded falls from 110 to 90 units. calculated with the midpoint method, the elasticity is?

Question

08-09-2022
Business

contestada

The price of a good rises from $8 to $12, and the quantity demanded falls from 110 to 90 units. calculated with the midpoint method, the elasticity is?

Respuesta :

Otras preguntas

Rewrite x^4y^2 − 6x^3y^3 using a common factor. x^2y^2(x^2-6xy) x^2y(xy-6xy^2) 6xy(x^3y-x^2y) 6xy^2(x^2-x^2y)

14. Why did the fur trade in Oregon Country dedine? Provide at least one text-based detail to (3 Points) support your answer.*

a mixture of nitrogen and oxygen gases at a total pressure of 753 mm hg contains nitrogen at a partial pressure of 219 mm hg. if the gas mixture contains 1.60 g

to more quickly respond to customer needs, urban insurance co. is changing its organizational structure to give more authority and responsibility to field manag

A pair of six-sided dice is tossed. What is the probability that the pip total is a prime number? Explain your work.

Kateynn needs to order 24,000 pumpkins for her company if the pumpkin are to come in boxes of 8,0000 how many boxes should she order

5.12 an evaporative cooling tower (see fig. p5.12) is used to cool water from 110 to 80 °f. water enters the tower at a rate of 250,000 lbm/hr. dry air (no wate

Find the equathion of the line that passes through the point (-3,6) and (5,6)

A train of length 100 m is moving at a speed of 50 km/h. A horse is running alongside the train at a speed of 56 km/h. How long will it Take the horse to overta

2. The federal government is responsible for enforcing laws and carrying out policies. Compare the role each branch of government plays in this process and expl

shivanijain4931 shivanijain4931 · Answer 1 · 2022-09-11T08:00:03+02:00

The price of good rises from $8 to $12, and the quantity demanded falls from 110 to 90 units. calculated with the midpoint method, the elasticity is 1/5.

Elasticity measures the proportion trade of one financial variable in reaction to a percentage exchange in some other. If a terrific's charge elasticity of call for is -2, a 10% growth in price causes the amount demanded to fall 20%.

Elasticity, ability of a deformed fabric body to go back to its unique form and size when the forces inflicting the deformation are eliminated. A body with this potential is stated to act (or respond) elastically. Hooke's law.

Elasticity is the capability of an object or fabric to renew its regular shape after being stretched or compressed. instance: A rubber regains its form after lengthy stretch because of its elastic property.

Learn more about elasticity here:https://brainly.com/question/5078326
#SPJ4