If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
Step-by-step explanation:
- 2x-2y=-6
3x+4y=8
multiply equation (1) by 3 and equation (2) by 2
- 6x-6y=18
6x+8y=16
Add
2y=34
y= 34÷2
y=17
substitute 17 for y in equation (2)
3x+4y=8
3x+4(17)=8
3x+68=8
3x=8-68
3x=-60
x=-60÷3
x=-20
x=-20,y=17
Answer:
$9.00
Step-by-step explanation:
If the price is at 30% discount, this means it is 100-30 = 70% of the original price.
Hence, original price is $9.00.
420 would be the middle number.
Hoped I Could Help:)
The answer is 44 because all you have to do is use PEMDAS to solve the equation
