If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
Based on the maximum taxable amount for social security in 2009, and the social security tax rate, the social security tax that Larry paid was $7,347.
<h3>How much did Larry pay in social security taxes?</h3>
The total amount paid by Larry as Social security tax can be found as;
= Maximum amount allowable for social security tax x Social security tax rate
The social security tax rate was 6.2% not 62.2%.
The social security tax was therefore:
= 118,500 x 6.2%
= $7,347
Find out more on social security taxes at brainly.com/question/13255138
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The answer would be 7 inches i believe?..
Answer letter B. 5 45 / 41
A≈8
V Volume
Using the formula
V=a3
Solving fora
a=V⅓=512⅓≈8
Therefore, to find the lenght of an edge of the cube, just find the cube root of the volume. In this case, the cube root of 512 is equal to 8.
