Answer:
6
Step-by-step explanation:
The intercept would be 6 because that's the point on the Y line or the line going vertically.
Answer:
B. the more inelastic is the demand for the final product.
Explanation:
Inelastic demand occurs when demand rises by a lower percentage as compared to the percentage of the price drop.
Take for instance, if price drops by 10% and then demand only rises by 4%.
Now, the derived demand curve for a product component will be more inelastic when there's more rises by lower percentages of the final product than price drop. The more inelastic the demand for a product is, the more inelastic the demand derive curve will be.
Answer:
a) 26
b) 26/3
Step-by-step explanation:
a)
1) First, you have to turn 4 1/3 into an improper fraction, so you get 13/3
2) Then you do 13/3 *6/1 =78/3 (so you multiply both numerators and denominators)
3) Lastly, 78/3 can be simplified as 26
b)
1) First you turn both fractions into improper fractions, so you get 13/5 and 10/3
2) Then you do 13/5*10/3 (so you multiply both numerators and denominators)
3) You get 130/15, which can be simplified as 26/3
