Answer:
about 0.39 (inelastic)
Step-by-step explanation:
Elasticity of supply is the ratio of percentage supply change to a corresponding percentage of price change. Here, that is ...
eos = (410/380 -1)/(0.20) = 0.78947/0.2 ≈ 0.3947
Values below 1 are said to correspond to an <em>inelastic</em> supply, one not very sensitive to price.
The standard form for an equation is y=mx+b. You find the slope by using the formula of rise over run. This means that for problem 6 you first look to see if its positive or negative slope. The slope is positive if the line is going uphill and if its going downhill its negative. The slope would be negative for number 6 because it is going downhill. Then for the actualy slope you would start with rise. So you look at the point (0,1) and go up 3 until you hit the line of the other point and run over 2. So your slope would be -3/2.
Answer:
A and B
Step-by-step explanation:
A secant is a line which intersects a circle at 2 points
SU and RT both intersect the circle at 2 points and are secants