(I) performs worse than what she did last semester.
(II) performs worse than her cumulative GPA.
(III) gives an average performance.
a. II) and III)
b. I) and III)
c. II) only
d. III) only
e. I) only
a. -17/9
b. 18/7
c. 17/9
d. -17/8
e. 17/8
Price Per Unit |
Quantity Demand Per Week |
$10.00 |
25 |
$9.50 |
30 |
$9.00 |
35 |
$8.50 |
40 |
$8.00 |
45 |
$7.50 |
50 |
$7.00 |
55 |
$6.50 |
60 |
$6.00 |
65 |
$5.50 |
70 |
$5.00 |
75 |
Answer 1. c. II) only
Reason- Sheri's cumulative GPA will be worse off next year if she performs worse than her cumulative GPA. As it will lower her Total GPA.
Answer 2. d.-17/8
When price falls from $9 to $8 Quantity rises from 35 to 45.
Reason- Elasticity of demand = % change in quantity/ % change in price
Elasticity of demand=( (35-45)/(35+45)/2)/((9-8)/(9+8)/2)
= (-10/40)/(1/8.5)
= -85/40
=-17/8
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