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mario62 [17]
3 years ago
12

John Doe estimates that the price elasticity of demand for new SUVs to be 0.75. If the price of SUVs rose by 15%; would the quan

tity demanded of new SUVs rise or fall? By what percentage?
Mathematics
1 answer:
Charra [1.4K]3 years ago
4 0
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%
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Can someone explain this I dont understand it
IrinaVladis [17]
Y = mx + b

m is your slope AKA rate of change
b is the y intercept.

from the graph we can see that the y intercept (b) is 15. (look at the y axis and see what point the line crosses on the y, here it is 15, in-between 10 and 20)

slope is rate of change. to figure this out remember slope = rise over run:

slope = \frac{rise}{run}

so pick two points. how much does one point rise after the other point you picked? In the graph it rises 1 square so rise = 1

Now looking at the same two points, how far away from each other are they on the x axis? Looking at the graph they are 2 squares away from each other. so run = 2

Now plug these numbers into the rise over run formula:

slope \: = \frac{1}{2}

Now we have everything we need to put into our formula for a line:

y = mx + b
y = \frac{1}{2} x + 18

For number 16 you should get:

y = \frac{1}{5} x + 3

after you do the same steps again yourself
8 0
3 years ago
PLEASE HELP ASAP
fenix001 [56]

Answer: B.

Be safe! Enjoy life.

7 0
3 years ago
Which of the following is equal to the expression (8x)^-2/3 (27x)¯1/3
LiRa [457]

The equivalent expression of (8x)^-2/3 * (27x)^-1/3 is 1/12x

<h3>How to evaluate the expression?</h3>

The expression is given as:

(8x)^-2/3 * (27x)^-1/3

Evaluate the exponent 8^-2/3

(8x)^-2/3 * (27x)^-1/3 = 1/4(x)^-2/3 * (27x)^-1/3

Evaluate the exponent (27x)^-1/3

(8x)^-2/3 * (27x)^-1/3 = 1/4(x)^-2/3 * 1/3(x)^-1/3

Multiply 1/4 and 1/3

(8x)^-2/3 * (27x)^-1/3 = 1/12(x)^-2/3 * (x)^-1/3

Evaluate the exponent

(8x)^-2/3 * (27x)^-1/3 = 1/12(x)^(-2/3 -1/3)

This gives

(8x)^-2/3 * (27x)^-1/3 = 1/12(x)^(-1)

So, we have

(8x)^-2/3 * (27x)^-1/3 = 1/12x

Hence, the equivalent expression of (8x)^-2/3 * (27x)^-1/3 is 1/12x

Read more about equivalent expression at

brainly.com/question/2972832

#SPJ1

3 0
11 months ago
Quick first one gets brainliest
Free_Kalibri [48]

c is there answer                                                                                                  Step-by-step explanation: 4 is greater than 3  and because the  aligator eats the biggest number lol

5 0
3 years ago
I need help on this quick
Pachacha [2.7K]

Answer:

The hypotenuse to the nearest tenth is 8.1

Step-by-step explanation:

We can use the Pythagorean theorem to solve

a^2 + b^2 = c^2 where a and b are the legs and c is the hypotenuse

Let a be the x leg and b be the y leg

a = 7 units

b= 4 units

7^2 + 4^2 = c^2

49+ 16 = c^2

65 = c^2

Take the square root of each side

sqrt(65) = sqrt(c^2)

8.062257748 =c

To the nearest tenth

8.1 =c

7 0
3 years ago
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