Make two shapes out of it.
The bottom is a rectangle 14 x 5 = 70 square cm
The top is a triangle 1/2 x 12 x 5 = 30 square cm
Total area = 70 + 30 = 100 square cm
39 ………………………………………………………………
It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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