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The price of a pair of shoes increases from 52 to 64what is the percent increase to the nearest percent?
The percentage of increase from 52 to 64 is 23 percent.
If you increase price by 45 percent and quantity increases by 53 percent?
Total revenue increases to [ (original) x (1.45) x (1.53) ] = original x 2.2185 = 121.85% increase
Suppose the elasticity of demand for cereal is 1 if cereal increases in price by 25 percent how much will the quantity demanded decreased by?
25 percent
Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent how much will the quantity demanded decrease by?
25 percent
What is price of increase?
Price of increase is basically when a percent of change describing an increase in a quantity.An example would be: The price of an item increases from 8$ to 12$. The amount of the increase is 4$ and the percent of increase is 4/8=0.5=50%Answer got from Holt McDougal Mathematics course 3.
If a price change causes the quantity demanded of a good to decrease by 30 percent while total revenue of that good increases by 15 percent is the demand curve elastic or inelastic?
inelastic
Wholesale price is 80 and percent of markup is 95 percent percent percent what is the sale price?
The sale price is $156.00
What economic explanation occurs if demand increases?
supply will decrease and price will rise greatly
If two quantities are directly proportional when one quantity increases by 10 percent what does the other do?
If two quantities are directly proportional, when one quantity increases by 10 percent, the other quantity will also increase by 10 percent. This means that the relationship between the two quantities remains consistent as they change by the same proportion.
What is the manufacturers suggested retail price for the most current iPod Shuffle?
The manufacturers suggested retail price of the most current ipod shuffle is $120. Usually stores increase price to make their own profit. The price increases about 20 percent depending on the store.
How does the quantity supplied change as the price increases?
As the price increases, the quantity supplied also increases. This is known as the law of supply, which states that there is a direct relationship between price and quantity supplied.
What is the meaning of price hike?
When the price of an object increases.
