It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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Answer:
m>-4
Step-by-step explanation: First subtract 18 from both sides, then simplify 30-18, which equals 12. Divide both sides by -3, and flip your sign.
Answer:
$235
Step-by-step explanation:
X= per party A= per song
X*200+5*A
He goes to a party and plays 7 songs therefore he will be paid;
200+ 5*7= $235
Problem
Solution
For this case we know that the vertex is given by (3,6) and the genera equation for a parabola is given by:
y= a(x-h)^2 +k
Where h = 3, k=6 and replacing we have:
y= a(x-3)^2 +6
And we can find the value of a with the point given x= 4, y=4
4= a(4-3)^2 +6
4= a +6
a= 4-6=-2
And the correct equation would be:
d. y= -2(x-3)^2 +6
