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%
The slope for the first one would be:
y2-y1/x2-x1, so replace those with the coordinates and you'll get:
-3-1/-7-(-7) => -4/0 so I guess the slope is zero
the slope for the second one would be:
-3-(-3)/5-(-4)=> 0/9 I think this one would be undefined.
Check to make sure, though!
Answer:6m^5+5
Step-by-step explanation:
To simplify 6m^5+15m^2/3m^2
We get
6m^5+5
Answer:
See below.
Step-by-step explanation:
So we started off with the equation:
And we subtracted x from both sides to acquire:
Now, this is essentially slope-intercept form. Recall that the slope-intercept form is:
Where m is the slope and b is the y-intercept.
If we rearrange our equation:
And put some parentheses:
We can see that this is indeed slope-intercept form.
And we can see that m is -1 and b is 2.
In other words, the slope is -1 and the y-intercept is 2.
Basically y would be whatever the number x is times 2, so -2 to the second power is -4, -1 to the second power is -1, 0 to the second power is 0, 1 to the second power is 1 and 2 to the second power is 4. now all you have to do is graph those points and you’re good!
