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:
147
Step-by-step explanation:
Since it says need to use 3 to represent pi
well show the formula.
The radius is 7 so we square it, and do the formula.
A=3r²
A=3*49
A=147
Answer:
49.7142857143
Step-by-step explanation:
17.40/35%
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