CorporalRivalle2524 CorporalRivalle2524

06-01-2021
Business

contestada

If the price elasticity of supply is 0.5 and the quantity supplied decreases by g 6%, then the price must:_______

Respuesta :

Parrain Parrain

07-01-2021

Answer: Price decreased by 12%

Explanation:

Price elasticity = %Change in quantity / % change in price

0.5 = 6% / % change in price

0.5 * % change in price = 6%

% change in price = 6%/0.5

% change in price = 12%

Answer Link

Otras preguntas

What is a Regicide? Please help....

What are some "ing" verbs that describe asleep and awake?

What is the bending of a wave around a barrier?

please help me correct the right choice so that the pronouns agree with the antecedents.1- Each of the horses stood on ( its, their ) hind legs.2) Neither Bob n

3(-11+3i)+6(-6+i) can someone show me how to do this equation?

Evaluate the function below for x=2. F(x)=2x^3-x^2-5x+6

what is the role of irony in poetry?

What are the four types of racism?

Please solve and show work if you can!

what boon was given by brahma to hiranyaksha