A boat can move at a constant velocity of 8 km/h in still water. How long will it take for the boat to move 24 km?
1 answer:
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Answer:
Explanation:
The concept of elastic and inelastic demand is applied.
for an elastic demand, the elasticity must be greater than 1 and for an Inelastic demand, the elasticity must be less than 1.
The steps and appropriate calculation is as shown in the attached file.
