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

A rectangle measures 6 inches by 15 inches. If each dimension of the rectangle is dilated by a scale factor of 1/3 to create a new rectangle

Answers

I think it is A. I could be wrong

an = -15 + 5(n – 1)
Find the 21st term of the sequence.

Answers

Answer:

[tex]a21 = - 15 + 5(21 - 1) \\ = - 15 + 105 - 5 \\ = 85[/tex]

85 the 21st term of the sequence.

What is Arithmetic progression?

An arithmetic progression or arithmetic sequence is a sequence of numbers such that the difference between the consecutive terms is constant.

here, we have,

an = -15 + 5(n – 1)

so,

a_21= -15+(21-1)5

      =-15+100

      =85

Hence, 85 the 21st term of the sequence.

To lean more on Arithmetic progression click:

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#SPJ5

Given m ||n, find the value of x.
(7X+9)
(9x+5)°

Answers

Answer:

         x = 2

Step-by-step explanation:

(7x + 9)° is corresponding angle to (9x + 5)° angle

Therefore:

m║n      ⇒      (7x + 9)° = (9x + 5)°

(7x)° + 9° = (9x)° + 5°     {subtract (7x)° from both sides}

9° = (2x)° + 5°                    {subtract 5° from both sides}

4° = (2x)°                           {divide both sides by 2°}

 x = 2

Translate the sentence into an equation The sum of 5 times a number and 7 is 3
Use the variable b for the unknown number


HELPPPPPP

Answers

Answer:

Equation: 5b + 7 = 3

Step-by-step explanation:

Unknown number = b

5 times of number = 5b

Sum of 5b and 7 = 5b + 7

Equation;

5b + 7 = 3

Find the area of the parallelogram.

Answers

Answer:

12

Step-by-step explanation:

12 is the area

Since,

6×2=12

Marc is planning a holiday for 4 people for 7 days.
Here are the costs for the holiday for each person.
Travel
£250
Hotel
£50 for each day
Spending money £350
Work out the total cost of the holiday for 4 people for 7 days.

Answers

Answer:

£3,800

Step-by-step explanation:

The computation of the total cost is shown below;

Each person cost is

Travel cost £250 (assume for 7 days)

Hotel cost £50 × 7 days = £350

Spending money £350 (assume for 7 days)

Cost for each person is £950

Since there are four persons, so the total cost would be

= £950 × 4 peoples

= £3,800

HAAAAAAALLLLLLLP

7th Grade IXL

Answers

Answer: This is middle school math?! Man I feel bad for you...

First one: ZZXY

Middle one: ZYXZ

Last one: ZXZY

Answer:

mark the other guy brainliest I answer so he can get it

Step-by-step explanation:

What is the perimeter, in terms of x, of the triangle shown here?
(7x2 - 12)
(-5x + 30)
(3x2 + 4x)

Answers

Answer:

The perimeter of triangle is: [tex]\mathbf{10x^2-x+18}[/tex]

Step-by-step explanation:

We need to find perimeter, in terms of x, of the triangle shown here.

The length of side 1: [tex](7x^2 - 12)[/tex]

The length of side 2: [tex](-5x + 30)[/tex]

The length of side 3: [tex](3x^2 + 4x)[/tex]

The formula used to find perimeter of triangle is: [tex]Perimeter\: of\: triangle=Sum\:of\:length\:of\:all\:sides[/tex]

Putting values and finding perimeter:

[tex]Perimeter\: of\: triangle=Sum\:of\:length\:of\:all\:sides\\Perimeter\: of\: triangle=(7x^2 - 12)+(-5x + 30)+(3x^2 + 4x)\\Perimeter\: of\: triangle= 7x^2-12-5x+30+3x^2+4x\\Perimeter\: of\: triangle=7x^2+3x^2-5x+4x-12+30\\Perimeter\: of\: triangle=10x^2-x+18[/tex]

So, The perimeter of triangle is: [tex]\mathbf{10x^2-x+18}[/tex]

−14.4=−0.6p

I’m bisexual

Answers

That’s coolllllllllllllll

nice :) good for u, wish i could just say that straight up lol

Jim buys a skateboard for $200. The value of the skateboard depreciates by 15% each year
since buying it. Create a function to represent the value of the skateboard, f(2), in dollars,
after 3 years since buying it.

Answers

Answer: f(x)=200•(0.85)^x

Step-by-step explanation:

C(t) is the actual value of the function at time t

Co is the initial value of C at t=0

r is the decaying rate, expressed in decimal

Depreciation is often modeled as an exponential decay function. Since Jim bought a skateboard for Co=$200, its value will depreciate by r=15% = 0.15 each year since buying it.

The slope of the line below is -3. Use the coordinates of the labeled point to
find a point-slope equation of the line.

Answers

Answer: y+7= 3(x-5) C

Step-by-step explanation:

PLEASE HELP ME! THANK YOU IF YOU DO! ​

Answers

Answer:

100,000 ÷ 1.25

100,000/1.25

80,000/1

80,000

The unit cost of the piece of land is 80,000 per hectare

Step-by-step explanation:

Write the following expression in exponential form: (2 points) 4.5 × 4.5 × 4.5 × 4.5 × 4.5 × 4.5 × 4.5

Answers

Answer:

The answer is [tex]4.5^7[/tex]

Step-by-step explanation:

This is because there are 7 copies of the same number and that means you have to put 7 at the exponential part of it. Then you have to put the original number under the exponential spot. Therefore, the answer is [tex]4.5^7[/tex].

Order the following set of numbers in ascending order (least to greatest): 2.007; 2.714; 2.09; 2.741; 2.07

Answers

Answer:

2.007;2.07;2.09;2.714;2.741

Step-by-step explanation:

2.007 is the least and 2.741 is the greatest

Answer: 2.007, 2.07, 2.09, 2.714, 2.741

Step-by-step explanation:

answer these questions if ur smart

Answers

So find the diameter which is the radius times 2
So 3x2= 6
6x 3.14(Pi)
=18.84 which a full circle and now divide by two
9.42 is the area of semi circle

Answer:ayyyy more free points

Step-by-step explanation: so i can ask questions

\

2c +3= -11
Remember:

Answers

Answer:

-7

Step-by-step explanation:

Hey there

Let's solve your equation step-by-step.

2c+3=−11

Step 1: Subtract 3 from both sides.

2c+3−3=−11−3

2c=−14

Step 2: Divide both sides by 2.

2c/2 = -14/2

c=−7

Have a wonderful day

PLEASE, PLEASE HELP D:
write the linear equation given :

1. slope = 1/4; y-intercept =7

2. slope = -3; y-intercept = 2/3

3. slope = 2/3; y-intercept = 2/3

4. slope = -2; y-intercept = -1/2

5. slope = -3/4; y-intercept = -3

Answers

Answer:

1. y =1/4x + 7

2.y =-3x + 2/3

3. y =2/3x + 2/3

4.y =-2x - 1/2

5.y =-3/4x -3

Step-by-step explanation:

By using the slope- intercept form of the equation, y=mx + b, where m=slope and b=y-intercept, you can substitute the values of slope and the y-intercepts into the formula y=mx + b

Because of prevailing winds, a tree grew so that it was leaning 6º from the vertical. At a point d = 37 meters from the tree, the angle of elevation to the top of the trees
is a = 29° (see figure). Find the height h of the tree. (Round your answer to one decimal place.)
h =
m
d m
Additional Materials
eBook

Answers

Answer:

Height of the tree is 40.0 meters.

Step-by-step explanation:

From ΔABC,

m∠ABC = 90°

Since, m∠ABC = m∠CBD + m∠ABD

90° = 6° + m∠ABD

m∠ABD = 90°- 6° = 84°

By triangle sum theorem in ΔABD,

m∠ABD + m∠BDA + m∠DAB = 180°

84° + 29° + m∠BDA = 180°

m∠BDA = 180° - 113°

             = 67°

By sine rule in ΔABD,

[tex]\frac{\text{sin}(\angle BDA)}{d}= \frac{\text{sin}(\angle ABD)}{h}[/tex]

[tex]\frac{\text{sin}(67)}{37}= \frac{\text{sin}(84)}{h}[/tex]

h = [tex]\frac{\text{sin}(84)\times 37}{\text{sin}(67)}[/tex]

h = 39.98

h ≈ 40.0 meters

Therefore, height of the tree is 40.0 meters.

The sine rule is the ratio of the side length to the sine of the opposite angles. Then the height of the tree is 40 meters.

What is trigonometry?

Trigonometry deals with the relationship between the sides and angles of a triangle.

Because of prevailing winds, a tree grew so that it was leaning 6º from the vertical.

At a point d = 37 meters from the tree, the angle of elevation to the top of the trees is a = 29° (see figure).

∠ABC = 90

We have

In ΔABC

∠ABC = ∠CBD + ∠ABD

∠ABD = 90 - 6

∠ABD = 84

By triangle sum in ΔABD, we have

∠ABD + ∠BDA + ∠DAB = 180

                            ∠BDA = 180 - 84 - 29

                            ∠BDA = 67

Then by the sine rule, we have

[tex]\begin{aligned} \dfrac{\sin \angle BDA}{d} &= \dfrac{ \sin \angle ABD }{h}\\\\\dfrac{\sin 67}{37} &= \dfrac{\sin 84}{h}\\\\h &= \dfrac{\sin 84} \times 37{\sin 67}\\\\h &= 39.98 \approx 40 \end{aligned}[/tex]

More about the trigonometry link is given below.

https://brainly.com/question/22698523

A fish is 12 Meters below the surface of the ocean. what is it's evelation ​

Answers

A fish is 12 Meters below the surface of the ocean. What is the elevation it is -12

Please please please help!! I need this URGENT
Dan buys a car for £2700.
It depreciates at a rate of 1.4% per year.
How much will it be worth in 5 years?
Give your answer to the nearest penny where appropriate.

Answers

Answer:

So it depreciates at a rate of 1.4% so 25% a year and you do £2700 multiply by 25 each year £2700 multiply by 25 x 5 = £540 in 5 years

Step-by-step explanation:

Answer:

£

 

2516.22

Step-by-step explanation:

£

 

2516.22

what is the percent rate of change in function y = (0.98) ^ x? determine whether the function represents exponential growth or exponential decay​

Answers

C. 2%; exponential decay

You can use the fact that increasing power of values lying between 0 and 1 results in less and less values.

The percent rate of change in given function is -2%

The function represents exponential decay.

Given that:The function: [tex] y = (0.98) ^ x[/tex]To find:Percent rate of change in given function.Is it representing exponential growth or exponential decay?

Finding percent rate of change in given function:


For finding this, first find how much the output y changes if we change x from x to x + 1.

Output when x = x:   [tex]y = (0.98)^x[/tex]

Output when x = x+1:  [tex]y = (0.98)^{x+1}[/tex]

Difference in output if x goes from x to x+1: [tex](0.98)^{x+1} - (0.98)^x = (0.98)^x(0.98 - 1) = -0.02 \times (0.98)^x[/tex] (this change occurs if we increase input x by 1 unit, thus this also represents the rate)

Rate of change of function per unit increment = [tex]-0.02 \times (0.98)^x[/tex]

The percentage of rate of change is found as:

[tex]\text{Percent rate of change\:} = \dfrac{\text{Rate of change} \times 100}{\text{previous value}} = \dfrac{-0.02 \times (0.98)^x \times 100}{(0.98)^x} \\\\ \text{Percent rate of change\:} = -2\%[/tex]

Thus, the percent rate of change is -2%

The negative sign shows that the value is decreasing, thus showing that function shows exponential decay.

Learn more about exponential growth or decay here:

https://brainly.com/question/11743945

Which graph best represents a function with range -4 ≤ y ≤ 3?

Answers

Answer:

3rd one

Step-by-step explanation:

The range of a function is the set of output values the function can take

The graph that represents the range [tex]-4 \le y \le 3[/tex] is graph (b)

The range of the function is given as:

[tex]-4 \le y \le 3[/tex]

The above inequality can be rewritten as:

[tex][-4,3][/tex]

This means that,

The output values start from -4 and ends at 3 (inclusive).The endpoints are closed values at -4 and 3

The graph that represents this range is graph (b)

Read more about range at:

https://brainly.com/question/10878781

A farmer bought 36 ducks and 52 pigeons. Approximately how many birds did the farmer buy?​

Answers

the answer is 88, because when you add 52+36 it is equal to 88. <3

3.
Susan has a balance of $110 in her school lunch account, and she spends $6 per day for
lunch. Her sister Evelyn has $83 in her lunch account, and she spends $4 per day for lunch. In
how many days will Susan's lunch account balance be less than Evelyn's?

Answers

Answer:

i may be entirely wrong but evelyn has more days

susan=18

evelyn=20.75 or 21 if rounded

Hayley's birthday party will cost $27 if she invites 3 guests. How many guests
can there be, at most, if Hayley can afford to spend a total of $36 on her
birthday party? Assume the relationship is directly proportional.

Answers

Answer:

imma say 12 guests

Step-by-step explanation:

sorry if wrong

pls help due asap
:..

Answers

Answer:

a

Step-by-step explanation:

Pls help I need help
Hehhehrhrh

Answers

Answer:

C) 11.4

Step-by-step explanation:

2x-10+x-6=2
combing like terms..

Answers

First you will combine the “x’s” so x+2x=3x then you would add 10 and 6 16 and subtract it to move it to the other side of the = so 2-16= -14 then you would divide 3x and -14 by 3 then there is your answer hope this helps

Line segment AB has endpoints A(2, -3) and B(-4, 6). What are the coordinates of the midpoint of AB?

Answers

(-1,1.5) because you add both ys and both xs then divide by two to find the middle

Find the area of the shape shown below plz help

Answers

Answer:

60? I'm really not sure mate, i'm really sorry if it's wrong.

Step-by-step explanation:

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