Answer:8.3
Step-by-step explanation:
Y-intercept looks like -1.5 and slope is -1/4
Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be

As we know the relation between price, quantity and elasticity.

Hence, Percentage change in quantity would decrease by 12.5%.
Answer:
x=2.5
Step-by-step explanation:
the first thing you want to do is simplify like terms.
you could say this is as 4(x+7)=38
this can easily be solved algebraically.
first use distributive property on the four
this leaves you with 4x+28=38
next, subtract 28 from both sides
4x=10
now divide everything by four and you get x=2.5