Question

Suppose that a new entry has decreased elasticity from -2 to -3 (made demand more elastic) and that your price, before the new entry, was $20.

104

likes

520 views

Answer to a math question Suppose that a new entry has decreased elasticity from -2 to -3 (made demand more elastic) and that your price, before the new entry, was $20.

$Expert avatar$

Gerhard

4.5

94 Answers

E_1 = -2

E_2 = -3

P_1 = 20

\frac{-2}{-3} = \frac{P_2}{20}

\frac{2}{3} = \frac{P_2}{20}

P_2 = 20 \times \frac{2}{3}

P_2 = \frac{40}{3}

**Answer:**

P_2 = 13.33

Frequently asked questions (FAQs)

Find the period of the cosine function y = 5cos(3x - π/4).

Question: What is the derivative of f(x) = 3x² - 5x + 2 using the basic rules of derivatives? (

Question: Find the sum of the first 20 terms of an arithmetic sequence where the first term is 5 and the common difference is 3. (Hint: Use the sum formula)

New questions in Mathematics

A sample is chosen from a population with y = 46, and a treatment is then administered to the sample. After treatment, the sample mean is M = 47 with a sample variance of s2 = 16. Based on this information, what is the value of Cohen's d?

Karina has a plot of 5,000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used for cultivation?

A, B, C and D are numbers; If ABCD = 23, What is the result of ABCD BCDA CDAB DABC operation?

is the x element (180,270), if tanx-3cotx=2, sinx ?

12(3+7)-5

I need to know what 20% or £3292.75

Lim x → 0 (2x ^ 3 - 10x ^ 7) / 5 * x ^ 3 - 4x )=2

Raúl, Gilberto and Arturo are playing golf; The probabilities of winning for each one are as follows: (Raúl wins) = 20% (Gilberto wins) = 0.05% (Arturo wins) = ¾%. Perform operations and order events from least to most probable.

reduce the expression (7.5x 12)÷0.3

Let A, B, C and D be sets such that | A| = |C| and |B| = |D|. Prove that |A × B| = |C × D|

DuocUC 2) The cost C, in pesos, for the production of x meters of a certain fabric can be calculated through the function: (x+185) C(x)=81300-6x+ 20000 a) It is known that C(90) 5.344. Interpret this result. (2 points) b) Calculate C'(x) (2 points) 3 x²+111x-0.87 20000 2000 c) Function C calculates the cost while producing a maximum of 500 meters of fabric. Determine the values of x at which the cost of production is increasing and the values of x at which the cost is decreasing. (3 points) d) If a maximum of 500 meters of fabric are produced, what is the minimum production cost? (

A Smooth Plane is listed for $195.00. Discounts of 12% and 10% are allowed. If the customer pays cash within 30 days, an additional discount of 3% is granted. What is the cost if a carpenter takes advantage of all the discounts offered?

Buffalo Company makes and sells shampoo. Each unit requires $1.40 labor costs, material costs per unit are $0.90 and other variable costs are $0.30. It sells shampoo for $4.45 to retailers. Fixed costs are $15,000. It sold 25,000 units in the current month. What is the Break-Even point in units? What is the Break-Even point in dollars? What is the contribution margin of Buffalo Company?

Given the word WEIRD, determine a four-letter offspring that can be formed with the letters of the word written above

7- A printing company found in its investigations that there were an average of 6 errors in 150-page prints. Based on this information, what is the probability of there being 48 errors in a 1200-page job?

Find the equation of a straight line that has slope 3 and passes through the point of (1, 7) . Write the equation of the line in general forms

Given a circle 𝑘(𝑆; 𝑟 = 4 𝑐𝑚) and a line |𝐴𝐵| = 2 𝑐𝑚. Determine and construct the set of all centers of circles that touch circle 𝑘 and have radius 𝑟 = |𝐴𝐵|

1. The cost to transport 250 packages of cement 120 kilometers is $600. What will be the cost to transport 500 packages 300 kilometers?

If the area of a circle is 75.7ft2, what is the radius? Give the answer in metres. Round answer to 2 decimal places and enter the units.

A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?

Suppose that a new entry has decreased elasticity from -2 to -3 (made demand more elastic) and that your price, before the new entry, was $20.

Answer to a math question Suppose that a new entry has decreased elasticity from -2 to -3 (made demand more elastic) and that your price, before the new entry, was $20.

You might be interested in