Step-by-step explanation:
7=2 8=12 10=10 11=9
Answer:
E = 1.09
Step-by-step explanation:
Elasticity measures the sensitivity of demand with changes in income.
Elasticity of Income has the formula:
[Change in Demand/Demand]/[Change in Income/Income]
So, now, we have:
D_0 = 2
D_1 = 1
I_0 = 8
I_1 = 15
Now, Elasticity (E) is:
E = [(1-2)/(1+2)]/[(15-8)/(15+8)]
E = [1/3]/[7/23]
E = 1.09
Answer:
5
Step-by-step explanation:
Answer:
Dave invested approximately $29,629.63 into Oil companies.
Step-by-step explanation:
8/9 (100,000) = i
i= $88,888.89
2/3(88,888.89)=c
c = $29,259.26
1/2(29,259.26)=o
o= $29,629.63
Answer:
8 miles
Step-by-step explanation:
24/3 = 8
