Question

Canvas → XCO D Question 41 12 pts (Figure: Elasticity of Swim Trunks) The demand for swim trunks appears in the figure. What is the elasticity of demand for swim trunks at the midpoint of the interval shown)? Suppose that your swimwear business is currently overstocked with swim trunks. If you want to sell 18% more swim trunks, how much should you cut your price? BIVA -A- IE * 31. XX, EE . 2 V 6 14 12pt - Paragraph - All XR 0 ) FGV PrtScho Hi $ %

Answer 1

Price Quanhtay Pi: 200,= 10 PL = 10 42 = 40 20 Mid point formule: Pone elasticity of dement(ed) 02-01 (0-10)/2 - 12 - P. (Putri)/2 4 :40-10 (40710/ 10-20 (10 720)/ Brice clestiety of demanded) = -)-8 Pono elasticity of demand ced) = f change in gly demand to change in price. I change in gtg demand a l 18 (Given) D / change in Price => /. change in price - 1818 7. change in priu = -10 There is a need to cut price by 10 % ие