For the following two demand functions, compute the four partial elasticities of demand and state whether the two commodities are substitutes of complements and the type of good(normal) given that Q1, Q2, P1, P2 > 0. Q1 = 7 – 2P1 – P2 Q2 = 23 – P1 + 3P2

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.

if you're trying to figure out how much each ounce cost it would be 0.20

cents each ounce

both the histogram and the stem and leaf plot will visually show how many shoppers were of various ages within each range of data.   the histogram does not give us the specific ages of these shoppers unlike the stem and leaf plot.a histogram does not give us a true range of the data because we do not know exactly how old the shoppers were. a stem and leaf plot will give exact ages, so we can determine the exact range along with all measures of center and the others measures of center.   with the histogram, we cannot find any of these.

step-by-step explanation:

16 is the coefficient

hope this