Check the answer And How to do Q11 QUESTION 1 1 points y sav

Check the answer. And How to do Q11.

QUESTION 1 1 points y saved If Ed =-1.5 and price decreases by 20 percent, then 0 A, quantity demanded will increase by 30 percent. 0 B, total revenue will decrease. ° C, quantity demanded will increase by 3 percent. 0 D. total revenue will remain unchanged. O E. demand will increase by 30 percent. QUESTION 2 1 points Saved When the price increases from $4 to $6 and the quantity demanded decreases by 2 units, the price elasticity of demand is B.-15. O D E. Cannot be determined from the information given

Solution

Correct Correct Correct Correct Correct Correct Incorrect. The correct answer is A{3+1+1=60+200+150=410(MU) maximum}. Find out with the maximum by substituting the values in equation 2R+1B+3S. The given answer is incorrect. The correct answer is C. With $3, it can ride roller coaster (1) and bumper cars (1) (400 MU maximum) The correct answer is C(e=%change in quantity/%change in income=50%/33.3%=1.5). Information is not provided for the respective prices. (correct). correct