40. What is the system of inequalities associated with the following graph?
1 answer:
You might be interested in
∠VUR and ∠QRU are alternate interior angles, the line that links them is Z-shaped, which means that these angles are equal, so that:
Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.