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%
Answer: $24
Step-by-step explanation:
Note: <em>The missing graph is attached below. </em>
Answer:
'linear decreasing' best describes interval C on the graph shown.
Step-by-step explanation:
Note: <em>The missing graph is attached below. </em>
From the attached graph, it is easy to figure out that the interval C on the graph shown is showing a straight line. So the graph of the function would be linear.
Also on the interval C, the value of y is decreasing as the value of x increase. So, the slope of the straight line would be negative.
So the interval C indicates that the function is decreasing there.
Therefore, 'linear decreasing' best describes interval C on the graph shown.
Answer:
add up all the colors
Step-by-step explanation:
Answer:
C)265
Step-by-step explanation:
To find the median you list all the numbers in order from least to greatest. The number in the middle is the median.
In this case there are two middle number so you have to add them together then devide them by 2.
700, 740, <u>810, 900</u>, 1050, 1120.
810 + 900 = 1,710
1,710/2 = 855.
Your median is 855.
To find the difference you just subtract the two numbers.
1,120-855= 265.
