Answer:
m=-18
Step-by-step explanation:
6m=-108
m=-108/6
m=-18
Answer:
The exact same as subtracting.
Example
5 + (-2) = 3
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:
1500
Step-by-step explanation:
1481 to the nearest hundred is 1500 because 8 is nearer to 10
