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%
Solution :
Amount of money Victoria has = $200
The amount modelled by function = h(x) = 200
According to the function,
s(x) = (1.05)x - 1
It means that the total amount of the interest that Victoria will receive s(x) is equal to original amount of $200 which multiplied by the rate of interest (1.05) and then multiplied by the time that Victoria keeps the money in the bank (x) minus 1.
To solve this, since you know that h(x) is 11 and that it also equals -4x+3, you set them equal to one another which would look like this: 11=-4x+3.
Then, to solve for x, which is what I am assuming the question is asking, you would subtract 3 from both sides to isolate -4x, which would result in this:
-4x=8
Now, to solve for x, divide both sides by -4, and you get your answer which is x=-2
Answer:
-4
Step-by-step explanation:
Yes, 1/2 is 0.50. So it is greater than 0.25.
