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The price of tea in the UK increased from £7.20 per kilo to £8.48 per kilo. Over the same period the quantity of tea purchased fell from 97 million kilos to 76 million kilos. Calculate the price elasticity of demand for tea.

Price elasticity of demand = change in demand / change in price change in price = 7.20 --> 8.48 = 17.78% increasechange in demand = 97 million --> 76 million kilos = 21.6% decrease therefore PED = -...

Answered by William H. • Economics tutor

2539 Views

What is the difference between catabolic and anabolic reactions? Give an example of a catabolic reaction you have studied.

In biology catabolic reactions are biochemical reactions during which an organic molecule is broken down. This process is usually involved in the production of energy. In contrast, anabolic reactions are...

Answered by Gabriele Z. • Biology tutor

1753 Views

When do you use "ser" and when do you use "estar"

So "ser" and "estar" both mean "to be".Ser should be used when you're talking about an intrinsic quality of something eg. a description, the time, a characteristic of somethi...

Answered by Vishal G. • Spanish tutor

1647 Views

How do I structure an essay question?

In order to write a high quality essay question it needs to contain some key elements. To make a good impression to your examiner you need to start with a good but concise introduction to introduce some ...

Answered by Olivia W. • English Literature tutor

3341 Views

Explain the steps of action potential across an axon membrane?

Resting Potential-3 Na+ out, 2 K+ in.Action potential- A stimulus is detected causing Sodium voltage gated channels to open, leading to Na+ to flow into the axon and therefor making the inside less negati...

Answered by Isabelle J. • Biology tutor

2610 Views