It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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ANSWER
EXPLANATION
Let R be the radius of the bigger circle and r, be the radius of the smaller circle.
Then their ratio is given as,
We can rewrite it as fractions to get,
We make R the subject to get,
The area of the bigger circle can be found using the formula,
This implies that,
But it was given in the question that, the area of the bigger circle is 27π.
We divide through by 9π to get,
This means that,
The area of the smaller circle is therefore
12y+3x-24 you times everything in the bracket by 3