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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:
18
Step-by-step explanation:
In three days, the ant farm consumed 1/2 an apple. In 6 days the ant farm will consume 1 apple. We can multiply 6 days by 3 for three apples.
6(3)=18 days
Answer:
y= 8
Step-by-step explanation:
y= k/x
-8= k/4
k= -8×4= -32
y= k/x
y= -32/-4
y= 8
hope it helps!
