X(4*1) because I’m just doing what I’m told.
The population increases by a factor 1.0167 every year so the require figure is:
103 * 1 . 0167^5 = 112 million
Answer:
50% profit
Step-by-step explanation:
Cost price = £ 5000
Selling price = £ 7500
Profit = Selling price - cost price
= 7500 - 5000
= £ 2500
Profit percentage = 
= 50 %
Okay so first off the equation of a line is
Y=mx+b
m= the slope
b= the y intercept
The Y intercept of this line is 2 and the slope is 5/3! You know this is the slope because if you start at point a and go up 5 and to the right 3, you end up at point b.
The equation for this line would be y=5/3x+2
It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
Learn more about demand on:
brainly.com/question/1245771
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