T is estimated that if the price of a bar of chocolate is changed by 4%, demand will alter by 6%. * a. Calculate the price elasticity of demand of this bar of chocolate

Answers

Answer 1

Answer:

Price elasticity of demand = 0.67

Explanation:

Given the following data;

Percentage change in price = 4%

Percentage change in demand = 6%

To find the price elasticity of demand;

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

[tex] Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand} [/tex]

Substituting into the equation, we have;

[tex] Price \; elasticity \; of \; demand = \frac {4}{6} [/tex]

Price elasticity of demand = 0.67


Related Questions

which is your favourite 1 eating lemons
2eating limes.
don't forget no sweet taste

Answers

Answer: I would say lemons because when me and the boys would walk home from school we would pass like 4 or 5 lemon trees and I would always pick one off and eat it like and orange. Now I do like that Cherry Limeade form Sonic but limes when you eat them by themselves are really tangy not sour and I'd prefer the sour any day.

Explanation: Please give me Brainiest

How did cultures blend in the new American territories?

Answers

i dont know the answer



2. What is the theme or universal message of "The Hill We

Climb"?

3. Name 3 interesting parts in the poem and explain.

4. Do you think as a society we still have a hill to climb? Explain.

Answers

Answer:

Find the explanation below.

Explanation:

2. The theme of the poem is Unity.

3. We've braved the belly of the beast,

We've learned that quiet isn't always peace,

and the norms and notions

of what just is

isn't always just-ice.

In this part of the poem, Gorman acknowledged the hurdles that citizens of the United States have had to go through. Coming to these realizations will help the nation become better by correcting their previously flawed ideas.

And so we lift our gazes not to what stands between us,

but what stands before us.

In this part, the poet emphasizes Unity. To forge ahead citizens of this great country, though they have different origins, would have to overlook their differences, but rather be united in their goals for the future.

But while democracy can be periodically delayed,

it can never be permanently defeated.

In this truth,

in this faith we trust.

This part indicates the importance of  democracy. Democracy always prevails against tyranny. This is an encouragement for citizens to hold on to the values of true democracy as this would be vital to the progress of their society.

4. Yes. The racial and ethnic differences plaguing the nation are symbolic hills that must be overcome for a better and stronger nation. These hills or obstacles when successfully climbed will help people see the true potentials of others and maximize them despite where they might have originally come from.

Goods sold to other countries

Answers

Answer:

Explanation:

okay ???

Some goods sold to other countries are Oil.
Precious stones.
Electronics.
Heavy machinery.
Organic chemicals.
Plastics.
Animal and vegetable oil.
Iron and Steel.

When the ___ ended in 1865, there was still a lot of tension between the Union and the former Confederacy.

Answers

Answer:

Civil War

Explanation:

It should be noted that when the Civil War  ended in 1865, there was still a lot of tension between the Union and the former Confederacy.

The American Civil War was can be regarded as one of the war that cannot be forgotten in United States which was fought between the Union and the Confederacy.

However, after the war, there was still some tension between the Union and the former Confederacy.

Learn more about Civil War  at;

https://brainly.com/question/12250589


7. Which of these correctly
defines Joint Sector
Industries'? *
(a) owned and operated jointly by
government agencies
(b)are owned and operated by the
government.
(c)are set up in collaboration with
foreign investors
O
(d) are owned by individuals or a
group of individuals​

Answers

Answer:

(a) owned and operated jointly by

government agencies

Explanation:

Joint Sector Industries is defined by its mode of operation and ownership in which the company is owned jointly by the government (public sector ) and private individuals (private sector) who both provided the capital for its successful running.

The ownership can be 55 percent from the government to 45 percent from a private company.

HELP HELP I NEED HELP ASAP

A. 4
B. 1
C. 3
D. 4

Answers

Answer:

this is not confirmed answer but i think the. answer is 4

All of Greek life was built around ____. (What was the greek life Built Built around? : A) Art, B) agriculture, C) politics, D) trade)

Answers

Answer:

A art

Explanation:

plz make me brainliest

The answer in that question is A ,art

ANSWER FAST
How did the development of the cotton gin affect the state of Georgia? Select all that apply.
Railroad networks expanded in the state.
Georgia's major cities became overcrowded.
Farmers began to struggle due to declining proftis.
Trade between Georgia and northern states declined.
Georgia's economy became dependent on a single crop.
The Creek and Cerokee people were forced to move west.

Answers

Is it multiple choice?

The development of the cotton gin led to:

Railroad networks expanded in the state.Georgia's economy became dependent on a single crop.The Creek and Cherokee people were forced to move west.

Effects of the Cotton Gin in Georgia Railroad networks spread across the state to enable cotton to be transported easily.Georgia became quite dependent on the single crop of Cotton as it was quite profitable. The Creek and Cherokee were made to move so that their land could be used to plant more cotton.

In conclusion, options A, E, and F are correct.

Find out more on the cotton gin at https://brainly.com/question/752778.


Write any two functions to be performed by a literate person
Mandala in a sentence​

Answers

Answer:mm

hhhhmmmmmmmmmmmmmmmmmmm

Explanation:m

hmmmmmm

what does Censorship mean?
use your own words.

Answers

Answer:

Censorship means a type of blockage to any information passed through social medias which is considered as a threat or harmful information.

Hope it helps! :)

write a letter to your friend mentioning the major means and resources available in your locality and your future plan for their proper use​

Answers

The correct answer to this open question is the following.

This would be my letter.

Hi dear Pete,

How are you?

I am doing good. A little bit worried about the way people exploit our natural resources and raw materials, affecting the environment.

Remember the beautiful river where we used to play when we were children? Those funny summer days swimming in the river.

Well, today's children can't do that often because industries have over-exploited the water from the river.

And the worst thing is that nobody cares. Local authorities do not take any action. Citizens seem uninterested.

But you know what the problem is? By the time we do not have fresh water to drink, then everything will be chaos. But why wait until that happens.

Let me tell you that I have been thinking about forming a group, a non-governmental group with my friends at school.

Yes, I pretend to use the college newspaper and radio station to expose this situation because the lack of water in the river has affected the trees, the plants, and the farmers of the region that do not have enough water to produce their crops.

I am writing you to know your opinion. Would you be interested in joining this project and promote it in your school?

Please, Pete, let me know soon.

Send you big hugs!

Regards,

"To follow the truth is our responsibility".Elaborate this sentence.​

Answers

We have a job to seek out the truth, no matter the cost. To avoid ignorance, one must actively look for honesty and realism

what do you mean by international understandibg peace and co-operation​

Answers

It is a feeling that the individual is a not only a member of his country, but a member of the world as well and supporting eachother by maintaining peace .

are all children throughout the nation are getting child right ? If not what might be the rason​

Answers

Answer:

No,Not All children are getting child right because

of poverty some children have to do child labours,

they are not getting chance to study,they are not getting proper nutritious food

When was the declaration of independence signed?

Answers

the declaration of independence was signed august 2, 1776

Which modern countries made up British African Colonies?

Answers

Answer:

Britain had many colonies in Africa: in British West Africa there was Gambia, Ghana, Nigeria, Southern Cameroon, and Sierra Leone; in British East Africa there was Kenya, Uganda, and Tanzania (formerly Tanganyika and Zanzibar); and in British South Africa there was South Africa, Northern Rhodesia (Zambia), Southern

Explanation:

Can someone give me a short 3 sentence summary of Confucianism
PLS HELP

Answers

 A philosophy based on mutual respect and kindness toward others. It was developed to bring peace and stability in society. It was founded before the birth of Confucius, developed through his later life and was made popular soon after, during the Han Dynasty.

Explanation:

Which of the following statements is true?
Conduction does not work in fluids because the molecules are too far apart.
Radiation does not work in solids because the molecules are too close together.
Heat lost from friction is usually easy to recapture and use.
s Heat is transfered through space by convection.

Answers

Answer:

D.

Explanation:

Answer:

The answer is d because heat is transfered through space by convection. i took a quiz and got it right

Explanation:

what delegate only voted in the case of a tie among the states!?

a. ben franklin
b.george washington
c. roger sherman
d. james madison

Answers

Answer:

c is the answer because this question came in my class when I was a kid

Explanation:

nothing to explain it's really easy man why are u asking that don't u have ur own mind

Rochelle is writing out steps she will take what is she doing

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Keeping track of her day

what event caused United States to help cuba gain freedom from spain​

Answers

Answer:

Spanish-American War, Second War between the USA and Spain in 1898. The loss of Spain's colonies in the American continent resulted in the USA's new acquisitions in the Pacific Ocean's customers and Latin America. Spanish - American War

Answer:

Spanish-American War

Explanation:

The us declare war in Spain after the us warship exploded.

Before jurors discuss a criminal case, the judge

provides them with a list of instructions.
explains which punishment fits best.
chooses a foreperson.
gives an opinion of the case.

Answers

The judge provides them with a list of instructions

Answer: A) Provides them with a list of explanations

Explanation:

How long is the growing season in Russia north of the arctic circle?

6 to 8 months
2 to 6 months
Under 3 months ​

Answers

Answer:

under 3 months

why because I would 6 to 8 months but I don't think that this is my real answer THANK YOU

Qin shi Huang united china into a single society by?

Answers

Answer:

Qin Shi Huang and Li Si unified China economically by standardizing the Chinese units of measurements such as weights and measures, the currency, and the length of the axles of carts to facilitate transport on the road system.

Explanation:

Mention the importance of financial literacy in a form of dialogue​

Answers

Financial education is important to a person's life because it is related to money transactions in the world.

What is Financial Education?

Financial education is a term that refers to education focused on understanding money in the world. Financial education includes topics such as:

How a person gets the money. How to manage money. How to invest the money.

To carry out dialogue on financial education we can include several student characters in a school who talk about different strategies or methods to earn, manage and invest money well.  

Learn more about financial education in: https://brainly.com/question/9109670

Which events led to the development of democracy? Choose three correct answers.

Cleisthenes reorganized the classes of citizens.
Solon allowed women to participate in government.
Solon forgave the debts of citizens living in poverty.
Cleisthenes let enslaved people have a voice in government.
Cleisthenes gave citizens living in poverty more of a say in the government.

Answers

Answer:

Cleisthenes reorganized the classes of citizens.

Solon forgave the debts of citizens living in poverty.

Cleisthenes gave citizens living in poverty more of a say in the government.

Explanation:

The events that led to the development of democracy are: Cleisthenes reorganized the classes of citizens, Solon forgave the debts of citizens living in poverty and Cleisthenes gave citizens living in poverty more of a say in the government.

What is Democracy?

Demokratie, which can be translated as "power of the people," is a form of government that is based on popular will. The word democracy is derived from the Greek words "demos," which means "people," and "kratos," which means "power."

Democracy is a form of government in which the people themselves directly or indirectly exercise absolute power through representation.

Democracy not only upholds essential American ideals like worker rights and freedom of religion, but it also contributes to a more secure, wealthy, and safe world, which the US can use to further its own national interests.

Learn more about Democracy, here

https://brainly.com/question/13158670

#SPJ6

Why do you think the crime of human trafficking is under reported?

Answers

Answer:

A key reason for the reporting gap is a pervasive and critical lack of trafficking identification in jurisdictions across the nation. ... Social service providers have also frequently failed to identify trafficking incidents, and they often underreported the human trafficking incidents known to their agencies.04-Aug-2020

Explanation:

hope it helps you

please mark me as brainlist

Give me an example of Conummisum

Answers

knock knock knock FBI open up

What were the two types of coalition members in the Persian Gulf War? Why were they coalition members?

Answers

Answer:

Oil exporting and oil importing countries

Explanation:

The Persian Gulf war was fought between 2 August 1990-28 February 1991. The war was fought between United States with its coalition of 35 countries and Iraq. The war is also known as First gulf war, Iraq war, Kuwait war.

The war was fought between the oil exporting and importing countries. The countries that exposed oil wanted their oil reserves intact whereas countries like the United States wanted their supply of oil unaffected.

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