So what s the meaning for X and Y

1 answer:

8 0

The first x is the horizontal coodinate (abscisa) and second is the vertical coordinate (ordenate). Both are coordinates. (x,y) has the meaning of a complex number: x is the real part and y is the imaginary part: x+yi. (x,y) has the meaning of a plane's vector from origin of coordinates.

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Answer: The price elasticity of the demand for skateboards = 0.6.

Step-by-step explanation:

Since we have given that

Original price of skate boards = $200

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$e_d=\frac{\Delta q}{\Delta p}\times \frac{P}{Q}\\\\e_d=\frac{10-7}{300-200}\times \frac{200}{10}\\\\e_d=\frac{3}{100}\times 20\\\\e_d=\frac{3}{5}=0.6$

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