(0.5, 1.3) is the correct answer
Step-by-step explanation:
Given equations are:
As we can see that the given equations are linear equations which are graphed as straight lines on graph. The solution of two equations is the point of their intersection on the graph.
We can plot the graph of both equations using any online or desktop graphing tool.
We have used "Desmos" online graphing calculator to plot the graph of two lines (Picture Attached)
We can see from the graph that the lines intersect at: (0.517, 1.267)
Rounding off both coordinates of point of intersection to nearest tenth we get
(0.5, 1.3)
Hence,
(0.5, 1.3) is the correct answer
Keywords: Linear equations, variables
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Answer:
Step-by-step explanation:
the total cost for this question is $12.10.
let me know if this helped.
Answer:
I think the answer is 2. Hope this helps!
Answer:
The answers to the questions are;
B. increases.
C. inelastic; increase.
Step-by-step explanation:
The price elasticity of demand for a linear demand in absolute value curve becomes smaller and smaller as we move downwards of the curve.
When the price elasticity of demand is calculated along a linear demand curve. This is so as for each pair of points at which the price elasticity of demand is calculated, the quantity demanded and the price change are somewhat similar, but as we move towards the top of the demand curve, the high prices and the low quantities shows the increase in demand elasticity.
Also in the inelastic region, as it can be shown by the areas of the rectangles formed by to adjacent price points, increase in price, increases the total revenue.
