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.
Answer:
Interchangeable is something that can be used in the same manner as something else without any important differences.
or in a more simple way
something that can be exchange
For example when two sweaters look almost the same and you could easily wear either one with a particular skirt, this is an example of when the sweaters can be worn interchangeably.
Speed is the secular unit, which means it only measures "how fast it goes."

Velocity is a victory unit, which means it measures "both how fast it goes AND the direction."

Acceleration is the change of velocity over time.