Answer:<u> -0.9 ; inelastic</u>
Explanation:
Given:
The average price of wheat per metric ton in 2012 = $305.75
Demand (in millions of metric tons) in 2012 = 672
The average price of wheat per metric ton in 2013 = $291.56
Demand (in millions of metric tons) in 2013 = 700
We will compute the elasticity using the following formula:
ε = 
ε = 
Now , we'll first compute 
i.e.
= 
= 0.04081
Similarly for 
i.e.
= 
= -0.0475
ε = 
ε = -0.859
-0.9
we know that ;
If, ε > 1 ⇒ Elastic
ε < 1 ⇒ Inelastic
ε = 1 ⇒ unit elastic
<u><em>
Here , ε = -0.859
-0.9 </em></u>
<u><em>Therefore ε is inelastic.</em></u>
P(x)=-4(x-15)2+2
P(x)=7
P(7)=-4(7-15)2+2
-4*7-4*-15
P(7)=-28+60+2+2
P(7)=92
Answer: False
Step-by-step explanation:
There is a very easy way to tell whether an ordered pair is a function or not. If many x's have one y, then it is not a function. Since (-1,7) and (-7, 7) both have the same y, it is not a function. Hope this helps!
Answer:
p=40/3 or 13.3333333333
Step-by-step explanation:
2p + 40 = 5p
-2p . -2p
40=3p
p=40/3 or 13.3333333333