Why is the midpoint formula used to calculate elasticity?

Answers

Answer 1

The midpoint formula is used to calculate elasticity because it overcomes the limitations of the traditional method.

The old point-slope method has significant drawbacks that are overcome by the midpoint formula, which determines the elasticity of demand. The elasticity of demand refers to how sensitively a good's quantity desired is to a price shift. Inelastic goods are those in which a little price shift causes a large change in quantity demanded, while elastic goods are those in which a small drop causes a small change in quantity demanded.

The conventional point-slope formula for elasticity employs the change in quantity and price at a particular point, which might be deceptive in some circumstances. Contrarily, the midpoint formula determines the elasticity of demand by averaging the quantity and price at the beginning and end and utilising the percentage change in both.

Read more about the midpoint formula on:

https://brainly.com/question/13115533

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Related Questions

Someone help please

Answers

what do you need help with?

the pythagorean theorem states that a^2 + b^2 = c^2 If A and B represent the length of the legs of a right triangle and C represents the length of the hypotenuse. Find the length of the hypotenuse Is the length of the legs are 9cm and 12cm.​

Answers

Answer:

25 or 50 points is that if 25 or 20 im not

Answer:

The hypotenuse equals 15cm

I need help with math if you don't know the answer get out of the question and don't answer it and give the wrong answer or some link or even say "I don't know" or anything like that it's not fair to me cause it a waste of my points I will report your if you do that :) have a nice day and stay safe

Answers

Answer:

1 4/6 inches

Step-by-step explanation:

10/6= 1 4/6 inches

Hope it helps!!

Solve using substitution. x − 6y = –8 x + 6y = 16 please help imma fail

Answers

Answer:

x=−16/7

Step-by-step explanation:

happy to help ya :)

Answer:

x = 4, y = 2

Step-by-step explanation:

x - 6y = - 8 is the same as x = 6y - 8

sub that into x + 6y = 16 :

6y - 8 + 6y = 16

12y = 16 + 8

y = 2

sub that into x = 6y - 8:

x = 12 - 8 = 4

                     

PLEASE HELP!!

Find the 14th term of the sequence: 2,4,8,16...

Answers

Answer:

16384

Step-by-step explanation:

You have to find 2 to the 14th power (that's the rule)

Hope that helps!

I NEED HELP PLEASE ASAP, It's due soon.

Answers

Answer: y=3/4x+30
(I cannot see the x amounts to see if the units match, if the units are not moving up by 1 on the c axis the slope will be considered wrong)

Why?
Y=mx+b
M=slope
B= y intercept
Slope= rise/run
I moved up from point that directly intersects a point on the graph and moved up 3 and to the right 4 to another point that directly intersects a point.
To find the y intercept I can see that it will directly pass through 30 on the y axis so that is the y intercept

Hope this helps (if I need to explain better or if the x axis doesn’t move by 1s and I need to redo the slope just say something in the comments)

Please help
(10 points)
A bill for dinner at a restaurant is $98.87. A 15% tip for the server is added
to the bill. What is the total amount of the bill?
A $100.37
B $109.26
$113.70
D $113.87

Answers

$ 113.70 : 98.87 x .15 = 14.83. ; add that to 98.87

Jana has $10. She wants to buy a bottle of nail polish for $9.50. The sales tax is 7%. Does she have enough money?

Answers

Answer:no, she would be 17 cents short

Step-by-step explanation:

Answer:

No.

Step-by-step explanation:

Compute the tax =

9.50 * 7% = 9.5 * .07 or 66.5 cents.

Since she only has $10, she does not have enough money.

I need help on this.. And I will give you a BRANILIST if you the first one with the right answer ​

Answers

Answer:

0.1

Step-by-step explanation:

(9,4) (5,1)    [tex]\frac{y_{2} y_{1} }{x_{2} x_{1} }[/tex], plug in the numbers, [tex]\frac{(1)(4)}{(5)(9)}[/tex]= [tex]\frac{4}{40} or \frac{1}{10}[/tex], to write it as a decimal, you divide the numerator by the denominator, 0.1

A Lamborghini is worth $700,732 if the tax of this car is 5% what would be the full price?

Answers

It would be 735,768.6
Because you want to multiply 700,732 by 5% or .05 which would give you 35,036.6 which you then add with 700,732 to get 735,768.6

Graph the following equation:
Graph f(x)= -2^x-2

Answers

Answer:

Step-by-step explanation:

The area of a square field is (49m^2 - 42m + 9) square units. find the dimensions of the field. ( STEP BY STEP EXPLANATION)

Answers

Answer:

(7m−3)(7m−3)

Step-by-step explanation:

Factor 49m2−42m+9

49m2−42m+9

=(7m−3)(7m−3)

The length of a rectangle is 5 centimeters more than the width.
The area of the rectangle is 36 square centimeters.
What is the length?

Answers

Answer:

Length is 4 centimeters

Step-by-step explanation:

4 x (4 + 5)

4 x 9

36

Simplify the expression -2.2f+0.5f-13-3

Answers

Answer:

-1.7f - 16

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Terms/Coefficients

Step-by-step explanation:

Step 1: Define

-2.2f + 0.5f - 13 - 3

Step 2: Simplify

Combine like terms (f):                                                                                    -1.7f - 13 - 3Combine like terms (Z):                                                                                  -1.7f - 16

How do I write the sum of 1 and q as an algebraic expression?

Answers

Answer:

1+Q

Step-by-step explanation:

Answer:

1 + q

Step-by-step explanation:

since sum means to add, and they give the values of 1 and q, we just need to plug it in.

cuál es el siguiente número de -10​

Answers

Answer:

en los números negativos es opuesto a los positivos es decir en los positivos después del 302 ira el 303 encambio en los negativos del

-10 irá el -9

TIMED!!

PLEASE HELP!!

WILL give brainliest

Answers

Answer:

easy third one also plz give heart

Step-by-step explanation:

i just know

1. What is the circumference of the circle
below
(18 m
C 113 m
A 36 m
B 56.5 m
D 324 m

Answers

Answer : 56.5

The formula for circumference is C = pi(d)
If the diameter was 18 all you would do is multiply 18x3.14 is would give you 56.5.

Hope it helped :)!

A six-sided Fair number cubis rolled 100 times as part of an experiment. The frequency of the role of the number 3 is 20. W hich statement about rolling a 3 is correct

Answers

Answer:

The Theoretical probability is 1/6.

The experimental probability is 1/5

Step-by-step explanation:

Given

Rolls: 100

Outcome of 3 : 20

Required

Which of the options is true (See attachment for options)

From the attachment, we understand that the question requires that we calculate the experimental and theoretical probability.

The experimental probability (E) is calculated as thus:

[tex]E = \frac{Outcomes}{Total\ Rolls}[/tex]

[tex]E = \frac{20}{100}[/tex]

[tex]E = \frac{1}{5}[/tex]

The theoretical probability (T) is calculated as thus:

A cube has 6 faces, one of which is the face 3.

So, T is:

[tex]T = \frac{n(face\ 3)}{n(Total)}[/tex]

[tex]T = \frac{1}{6}[/tex]

Hence, C is true

Samuel Morse determined that the percentage of t's being used in the English language in the 1800's was 9%. A random sample of 600 letters from a current newspaper contained 48 t's. Test the claim that the proportion of t's has changed in modern times, using the current newspaper data and a significance level of 0.05

Answers

Answer:

There is insufficient evidence to indicate that the population proportion of t’s in modern newspaper is different from 0.09. The result is not statistically significant

Step-by-step explanation:

H0 : p0 = 0.09

H1 : p0 ≠ 0.09

Sample size, n = 600 ; α = 0.05

Decision region

Zstatistic < Zcritical ; reject H0

P = 48 / 600 = 0.08

Zstatistic = (p - p0) ÷ sqrt((p0(1 - p0)) /n)

Zstatistic = (0.08 - 0.09) ÷ sqrt(0.09(0.91))/600)

Zstatistic = - 0.01 /0.0116833

Zstatistic = - 0.856

Zcritical at 0.05, = - 1.96

Zstatistic > Zcritical

-0.856 > - 1.96

Hence, we fail to reject the Null

Rewrite the equation 2x + 3y = 6 in slope-intercept form.
3y = -2x + 6
y= -2x+6
y= - 2/3 x+2
y = 2x+6

Answers

2x+3y=6
3y=6-2x
y=2-2/3x
y=-2/3x+2
the 3rd one is correct

FAST!!
Select ALL the correct answers.
With which information can you construct more than one triangle?

the measurements of two angles

the measurements of two angles and the length of the included side

the measurements of all the angles

the lengths of two sides and the measurement of the included angle

Answers

Answer:

a b and d

Step-by-step explanation:

Answer:

the measurements of two angles

the measurements of two angles and the length of the included side

the lengths of two sides and the measurement of the included angle

Step-by-step explanation:

in an assignment and need help with this question

Answers

8 8/3 is 29.3
hope this is correct

what is 3 + 7 -90+180

Answers

Answer:

100

Step-by-step explanation:

3+7=10

-90+180=90

10+90=100

Please help, and plz don't be saying this is the right answer if u dont know for sure.

Answers

Answer:

135 degrees

Step-by-step explanation:

(8x-7)+(12x+57)=180

combine like terms

20x+50 = 180

subtract 50 on both sides

20x = 130

divide by 20

x = 130/20

x = 13/2

x = 6.5

cpq = 12x+57

cpq = 78 + 57

cpq = 135

Find the equation of the linear function represented by the table below in slope-intercept form.

Answers

Answer: The equation is y = 3x + 3

Step-by-step explanation:

Solve for x Round to the nearest 100th if needed.
x/13 + 18 = 49

Answers

x
--- + 18 = 49
13


x
--- = 49-18
13

x
--- = 31
13

x = 31×13

x = 403

Answer:

2.4

Step-by-step explanation:

X=49-18/13

X=31/13

X=2.38

If 80 = y, then y = 80

Answers

Answeryes

Step-by-step explanation:

Can someone help me please

Answers

Answer:

X=3-(y/2)=8

Step-by-step explanation:

suppose the numbers is X

3 less than half the product of a number is 8

X= 3- (y/2)=8

1/2(8n)-3

Hope that helps

I’m stuck I need help please.

Answers

Answer:

6

Step-by-step explanation:

30+25n=90+15n

10n=60

n=6

Answer:

She would have to buy 4 personal training sessions

Step-by-step explanation:

30 + 25 + 25 + 25 (3 training sessions)

= 105

90 + 15 (1 training session)

= 105

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