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:
cleetus
Step-by-step explanation:
X is the line across the graph. Or in other word the answer to a problem
The fraction indicating the number of students who are not wearing either blue or white shirt is:
1- 1/6- 2/3= 1/6.
36 students* (1/6)= 6 students.
There are 6 students who are not wearing either a blue or a white shirt.
Hope this helps~
