Work out the PED for each, and comment on your result. The price of a smartphone is currently £200, and the quantity demanded is 4m. Next year the price falls to £180 and the quantity demanded rises to 6m. The price of pens today is £1, and the quantity demanded is 1m. Next year the price rises to £1.10 and the quantity demanded falls to 950,000. The price of a daily newspaper today is £1.50p, and the quantity demanded is 2m. Next year the price falls by 30p and the quantity demanded rises to 2.2m Question 2

Answers

Answer 1

Answer:

a.) PED = 5

b.) PED = 5

c.) PED = 0.05

Step-by-step explanation:

Here , PED = Price elasticity of demand

a.)

Given - The price of a smartphone is currently £200, and the quantity demanded is 4m. Next year the price falls to £180 and the quantity demanded rises to 6m.

PED = (Change in quantity demanded)×[tex]\frac{Initial Price}{Initial Quantity demanded}[/tex]

Now,

Change in quantity demanded = [tex]\frac{6 - 4}{180 - 200}[/tex] = [tex]\frac{2}{20} = \frac{1}{10}[/tex]

⇒PED = [tex]\frac{1}{10}[/tex]×[tex]\frac{200}{4}[/tex] = 5

b.)

Given -The price of pens today is £1, and the quantity demanded is 1m. Next year the price rises to £1.10 and the quantity demanded falls to 950,000.

Change in quantity demanded = [tex]\frac{1000000 - 950000}{1.10- 1}[/tex] = [tex]\frac{50000}{0.10} = 500000[/tex]

⇒PED = [tex]500000[/tex]×[tex]\frac{1}{1000000}[/tex] = 5

c.)

Given -The price of a daily newspaper today is £1.50p, and the quantity demanded is 2m. Next year the price falls by 30p and the quantity demanded rises to 2.2m

Change in quantity demanded = [tex]\frac{2.2 - 2}{30 - 1.50}[/tex] = [tex]\frac{0.2}{28.50} = \frac{20}{2850} = \frac{2}{285}[/tex]

⇒PED = [tex]\frac{2}{285}[/tex]×[tex]\frac{1.50}{2}[/tex] = [tex]\frac{15}{2850}[/tex]= [tex]\frac{1}{190}[/tex] = 0.005


Related Questions

simplify 3x × x
thanks​

Answers

Answer:

3x^2

Step-by-step explanation:

Find the midpoint of AC is at -2 and C is at 3 on a number line

Answers

2c3 Because when you look at it when you look at the question if I do that and then you were at the AC is at the two and see is that the three on the number line then you would add that on and you’ll get your answer

The value of midpoint of AC will be 0.5.

What is Number line?

Number line is a horizontal line where numbers are marked at equal intervals one after another form smaller to greater.

Given that;

Point A is at - 2 and C is at 3 on the number line.

Now,

Since, Point A is at - 2 and C is at 3 on the number line.

Hence, The midpoint of AC = (- 2 + 3 ) / 2

                                           = 1/2

                                           = 0.5

Thus, The midpoint of AC = 0.5

Learn more about the number line visit:

https://brainly.com/question/13088605

#SPJ2

Which of the following is equivalent to 5 • (7 • 4)?

Answers

Answer:

Its (5 x 7) x 4

Step-by-step explanation:

5 x (7 x 4)

5 x (28)

140

------------

(5 x 7) x 4

(35) x 4

140

WILL GIVE BRAINLIEST, PLEASE EXPLAIN J=HOW TO FIGURE THIS PROBLEM OUT THANK YOU. The figure below shows a shaded region and a non-shaded region. Angles in the figure that appear to be right angles are right angles.

A picture of a rectangle is shown. The bottom of the rectangle is labeled 16 ft. The right side of the rectangle is labeled 8 ft. At the bottom left side of the rectangle there is a label that reads 2 ft. Inside the rectangle is a shaded region. The bottom of the region is labeled 8 ft and this side is perpendicular to the left side of the rectangle. The right side of the shaded region has a perpendicular line segment extending upward that is labeled 2 ft. At the top of this line segment is another line segment perpendicular to the right that reads 2 ft. At the end of this line segment is a perpendicular line segment extending upward that reads 1 ft. There is a line segment joining the end of this line segment with the top left corner of the rectangle.

What is the area, in square feet, of the shaded region?

Answers

Answer:

NEED A PICTURE

Step-by-step explanation:

need a picutre

I’ll be back Imma go ask my friend he will help

Evaluate 8y - 2k when y = 9 and k = 7

Answers


Answer:
58

Explanation:


8(9)-2(7)
72-14
=58

Hope this helps!!

PLEASE HELPP I WILL GIVE BRAINLIEST
write the slope intercept form of the equation of each line

Answers

Answer:

Y= - 1/5x-4

Step-by-step explanation:

slope intercept form: y=mx+b

Slope formula: rise/run

(5,-5) AND (0,-4)

-5+-4= -1

 5+0=  5 AKA - [tex]\frac{1}{5}[/tex] or -1/5

The m in y=mx+b is the slope, the equation above is the sloe formula meaning -1/5 is the slope. The b is the y, when it is at 0. The y at 0 for this equation is -4. Thus, when plugging in the equation, y=-1/5x-4

CAN SOMEONE HELP IM OT GOOD AND MATH ITS VERY EASY IM JUST NOT SMART YKKKK

Answers

Answer: -3

Step-by-step explanation: the number before x is the slope

Is(1, 9)a solution to the inequality y ≤ 6x + 2?

Answers

Answer:

nope

Step-by-step explanation:

Answer:

No

Step-by-step explanation:

It wouldn't be 1,9 it would 1,8 instead also if need help with those an app called desmos helps a lot

Please hurryyyyyyyyyyyy

Answers

Answer:

(x^2+10)^2

Step-by-step explanation:

Answer:

hey! you could always use m athway or p hotomath for this (:

Winner-brainliest
Tell me the answer in rows
Pasta 1.
2 and so on

Answers

Answer:

Pizza 5 4 9

Pasta 1 5 6

Salad 3 2 5

Total 9 11 20

That’s right what the person said

Rewrite each expression as an addition problem. “Adding the Opposite”

9−4=


4−9 =

9−(-4)=

-9−(-4) =

-9−4=

4−(-9) =

-4−(-9) =

-4−9 =

Answers

Answer:

9 + (-4)

4 + (-9)

9 + 4

4 + (-9) [Switched numbers around so it would be easier to see]

-9 + (-4)

4 + 9

-4 + 9

-4 + (-9)

Step-by-step explanation:

Basically for all of them you replace the subtraction symbol with an addition symbol and put the subtraction symbol inside of the parentheses along with the value you are given.

Q is the midpoint of PR.
PQ = 4x - 7 and QR = 3x + 1.
Find the length of PR. W

Answers

86x 997. W length or

Which equation represents a line that passes through (0,–8) and (–5,–23)?

A) y = 4x – 8

B) y = –8x + 3

C) y = 5x – 8

D) y = 3x – 8

Answers

The equation of line that passes through points (0,-8) and (-5,-23) is y=3x-8 which is option d.

Given that the line passes through (0,-8) and (-5,-23).

We are required to find the equation of the line that passes through (0,-8) and (-5,-23).

Equation is like a relationship between two or more variables expressed in equal to form. Equation of two variables look like ax+by=c. It may be linear equation, quadratic equation, cubic equation, and many more depending on the power of the variable.

The formula to form the equation from two points is as under:

[tex](y-y_{1}) =(y_{2} -y_{1} )/(x_{2} -x_{1} ) * (x-x_{1} )[/tex] in which [tex](x_{1} ,y_{1} ),(x_{2} ,y_{2} )[/tex] are the points.

(y+8)=(-23+8/-5-0)(x-0)

y+8=(-15/-5) x

y+8=3x

y=3x-8

Hence the equation of line that passes through points (0,-8) and (-5,-23) is y=3x-8 which is option d.

Learn more about equation at https://brainly.com/question/2972832

#SPJ1

Emily makes 75 pins to sell at the schools craft fair. she has two designs: a star and a bumblebee. she makes 2 pins for every 3 bumblebee pins. how many pins of each type does Emily make?​

Answers

30 star pins

45 bumblebee pins

hope this is correct !!

Solve for y.
6y = 192

A. y = -32

B. y = -18

C. y = 18

D. y = 32

Answers

y=D because you do 192 divided by 6 to get 32

Answer:

D. y=32

Step-by-step explanation:

Which expression is equivalent to 6s - 4

Answers

Answer:

2s-?

Step-by-step explanation:

s0rry if its wr0ng but i think y0u d0 6s-4=2s.

the experience mans an bebe make jews 6s $:7/52??/7:?:&/$/?hs

Which is the least common multiple of 8 and 16?​

Answers

Answer:

The awnser is 2

Step-by-step explanation:

Your answer would be 2

Olivia is in a lighthouse on a cliff. She observes two sailboats due east of the
lighthouse. The angles of depression to the two boats are 33 and 57°. Find the
distance between the two sailboats to the nearest foot.
-C7
85 ft
33
57
E
110 Ft
B

Answers

Answer:173

Step-by-step explanation:

what is the distance between (-5,8) and (-5.-8)

Answers

Answer: Use the formula y = mx + b in order to solve for b. Then, plug in known vaules.

y= -13x -57

Step-by-step explanation:

Compare: 1.6 x 10^-5 and 1.62 x 104^-4
A) >
B) <
C) =
D) none of the above

Answers

the correct answer is d

Answer:

D

Step-by-step explanation:

3z squared minus 6z if z = 5

Answers

Answer:

45

Step-by-step explanation:

Given

3z² - 6z ← substitute z = 5 into the expression

= 3(5)² - 6(5)

= 3(25) - 30

= 75 - 30

= 45

Answer:

Step-by-step explanation:

First, convert the z’s to numbers.

3(5) squared - 6(5)

do the squared first

3(25)-6(5)

multiply

75-30=45

Answer:45

can someone answer it plsssssss

Answers

Answer:

3

Step-by-step explanation:

I need help!!! I’ll mark you brainliest
This is timed!!

Answers

D. 19

put 3 inside g

4(3) = 12

put 12 inside f(x)

2(12) - 5 = 19

So the answer is 19

Answer:

f

(

g

(

x

)

)

Evaluate  

f

(

x

+

3

)

by substituting in the value of  

g

into  

f

.

f

(

x

+

3

)

=

2

(

x

+

3

)

1

Simplify each term.

Tap for more steps...

f

(

x

+

3

)

=

2

x

+

6

1

 

Subtract  

1

from  

6

.

f

(

x

+

3

)

=

2

x

+

5

Step-by-step explanation:

guys please help me I really need it. this is chemistry. but I put it as mathematics because I never get help on my chemistry questions ​

Answers

Step-by-step explanation:

the heterogeneous :

suspensions

colloids

but solutions and alloys are homogeneous .

the question is in the photo :) i’m struggling

Answers

A is 10% and B is 5%

ep video Solve the following inequality algebraically
5|10 + 2x| - 1 > 19​

Answers

Answer:

x>−3 or x<−7

Step-by-step explanation:

Answer:

x> -3, x< -7 as shown above


How many solutions does the system of equations below have?
y=-62 – 7
y=-62 – 7


Answers

the answer is 2 i think


A glass vase factory recently produced 4 vases that were chipped and 16
vases that were not. Considering this data, how many of the next 10 vases
would you expect to be chipped?

Answers

Answer:

2

Step-by-step explanation:

4 chipped + 16 not chipped = 20 total

4 / 20 = 1/5 or 20% chance that vase will be chipped

Set up a proportion or find 20% of 10.

[tex]\frac{1}{5} = \frac{x}{10}[/tex]     x = 2 (ten is on denominator because it's the total amount of vases)

or 10 * 0.2 = 2

A pool is surrounded by a rectangular fence with a
perimeter of 72 yards. If the length of the fence is 3
times the width, what is the length of the fence, in yards?

Answers

Answer:

width is 33

Step-by-step explanation:

width (b) =?

length(l)=3

perimeter (p)=?

now,

perimeter = 2(l+b)

or,72= 2(3+ b)

or,72/2= 3+b

or,36= 3+b

or,36-3= b

or,33= b

therefore width is 33

If you help me with these then I will give brainiest
20 points
5 questions

Answers

Answer:

1st I think is C 2nd I think is D

Step-by-step explanation:

I dunno tho I hope it's right:/

Step-by-step explanation:

the answer of 2nd question is A

Other Questions
What is the price of a $13 ticket with a 8% sales tax? The promotion of a strong work ethic is central to Japanese culture. In what way is this reflected in Passage 1? simplify - 2/3x + 6 + 1/5y -1/4x -3/10 y +3 PLEASE HELP FAST READ THE QUESTION I WILL GVOE EXTRA POINTS PLUS BRAINLIST FOR A. And B. Really easy! om sells cookies in his store. His bakery has a total of 1,850 cookies for the weekend. If 30% of his cookies are oatmeal raisin cookies, how many cookies are oatmeal raisin? PLEASE PLEASE IM BEGGING HELP ME!! Translate this sentence into an equation.72 is the product of 4 and Gail's score.Use the variable g to represent Gail's score. Which citation in this reference page is missing a title?Works CitedAbdo, Kenny. History of Gymnastics. Abdo Zoom, 2020.A History of Gymnastics: From Ancient Greece to Modern Times. Scholastic, www.scholastic.com/teachers/articles/teaching-content/history-gymnastics-ancient-greece-modern-times/. Accessed 5 March 2020.Morey, Allan. Amicus High Interest, 2016.Rhythmic Gymnastics Equipment and History - Olympic Sport History. International Olympic Committee, 15 May 2018, www.olympic.org/rhythmic-gymnastics-equipment-and-history. Accessed 5 March 2020. What is the answer to this question? Which ordered pair represents the solution to:2x + 3y = 22| 3x + 2y = 18O A. (6,2)OB. (-8,16)OC. (8.-16OD. (-2,6)O E. (2,6) The following table shows the salary of 7 people in an office last year.Name IncomeAndy 9500Bevan 25000Cheryl 13250Deva 75000Elliott 18750Frankie 27500Grace 15000a) Work out the mean income to 2 DP.b) Deva was given a large bonus for 30 years service.Excluding Deva's income, what was the mean income for the remaining 6 workers to 2 DP?a) b) why would a pacifier represent your past Calculate the following to the correct number of signifi- cant figures. Assume that all these numbers are measurements. (a) x5 17.2 1 65.18 2 2.4 (b) x5 13.0217 17.10 (c) x5 (0.0061020)(2.0092)(1200.00) what groups were interested in increasing among America's presence in Hawaii and why In the reaction Cu(s) + 2 AgNO3(aq) -> 2 Ag(s) + Cu(NO3)2(aq) how much Ag can be produced from 49.1 g of copper Match the map with the correct selected country.Image 01 A) EcuadorImage 02 B) BoliviaImage 03 C) VenezuelaImage 04 D) Argentina Write the rate as a unit rate:400 miles in 8 hours what happened to american businesses when castro came to power 11 12 13 14 15There were 180 people who voted at the town council meeting. Of these people, 60% voted for building anew basketball court in the parkHow many people voted against building the new basketball court? Complete the explanation of how tofind the answer60% of 180 equalsand 180-people that are against building the basketball court.There are please some one help me take 40points.just look the picture and answers the question.What do you think?1 The first chapter of this novel raises more questions than it answers. What has the author not told us? Whuat do you want to know? 2 Which do you think is true? Laura's notebooks are . her childhood diaries/a record of a secret relationship/a novel. Laura suffered because she was mentally ill/her mother died/she had an unhappy love life. Iris feels responsible for her sisters death/never loved her husband. PLEASE HELP ASAP1- How did the Cold War affect the political situation of developing countries in Africa, Asia, and Latin America? Was it a positive or negative influence? 2- What are the similarities and differences between the War on Terror and the Cold War? Has the global role of the United States changed since the fall of the Soviet Union?