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:
[-11/5,∞)
Step-by-step explanation:
1. Add 4 to both sides: 7x-4+4≥-15+2x+4
2. Simplify: 7x≥2x-11
3. Subtract 2x from both sides: 7x-2x≥2x-11-2x
4. Simplify: 5x≥-11
5. Divide both sides by 5: 5x/5≥-11/5
6. Simplify: -11/5
Answer:
Step-by-step explanation:
<u>As per table we have:</u>
- 2x = 64 or 4x = 128 or 6x = 192 ⇒ x = 32
32 students in 1 school bus
X - distance between Jie and Xiaoqing.
