Answer:
x>-3
Step-by-step explanation:
Add five to both sides, getting rid of the five on the left and adding 5 to the 7.
Now you have -4x<12
Divide both sides by -4
Now you have x > -3
Whenever you divide by a negative you switch the signs.
Answer:
2
9/5
Step-by-step explanation:
2/1 = 2
18/10 (divide by 2 up and down) = 9/5
Answer:
Step-by-step explanation:
income elasticity of demand for the good X = % change in quantity demanded / % change in income of consumer = - 15 / 2 = - 7.50 negative since it is a decrease in demand.
and the good X is an inferior good since increase income brings about a decrease in quantity demanded of the goods compared to normal good where a decrease in income brings about decrease in quantity demanded and an increase in income brings about increase in quantity demanded.