Suppose Hamilton decides that if the price of their blenders is $32, the quantity demanded will be 1,000 units, and if the price is $35, the quantity demanded will be 800. The price elasticity of demand for the good is approximately:

a. +0.41.
b. -0.44.
c. +0.34.
d. -0.34
e. +2.44.

-2.47

Explanation:

Given that,

Initial quantity demanded = 1,000 units

Initial price = $32

New quantity demanded = 800

New price = $35

Here, we are using mid point method,

Average price:

= (Initial price + New price) ÷ 2

= ($32 + $35) ÷ 2

= $33.5

Average quantity demanded:

= (Initial quantity demanded + New quantity demanded) ÷ 2

= (1,000 + 800) ÷ 2

= 900

Change in price:

= (New price - Initial price) ÷ Average price

= ($35 - $32) ÷ $33.5

= 0.08955

Change in quantity demanded:

= (New quantity demanded - Initial quantity demanded) ÷ Average quantity demanded

= (800 - 1,000) ÷ 900

= -0.2222

Therefore, the price elasticity of demand is as follows:

= Change in quantity demanded ÷ Change in price

= 0.2222 ÷ 0.0896

= -2.47

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; engaging in effective public relations;