If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
Answer:
under
Step-by-step explanation:
change the underminator, we have
7×(x-2)-4×(3x+5)=-3×7×4
7x-14-12x-20=-84
-5x=-50
x=10
Answer:
61%
Step-by-step explanation:
Multiply the fraction by 100%.
76/125 × 100% = (7600/125)% = 60.8% ≈ 61%
Answer:
A
Step-by-step explanation:
Set equation equal to 0
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