Ou are driving to visit a friend in another state who lives 440 miles away. You are driving 55 miles per hour and have already d
riven 275 miles. Write and solve an equation to find how much longer in hours you must drive to reach your destination.
1 answer:
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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%.
Hi there!
Looks like a lot of work is going on here.
Let's start by solving this equation for the x.
Step 1) Add -20y to both sides.
Step 2) Divide both sides by 5.
Final Answer:
Now, let's solve for y.
Step 1) Add -5x to both sides.
Step 2) Divide both sides by 20.
Final Answer:
Hope this helps! :D
Hint - When you have two variables in an equation, and you want to solve for one, the other will end up in your answer. :)