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%
A) 3x (you substitute the g equation into the f one by putting it in the x value for f)
b) x (do the same thing, but switch the letters)
14.6666666667
Step-by-step explanation:
2•10=20/1/3=6.66666666667+8 is that but you can write it like 14.6 with _ that on top
15 cucumbers to 45 carrots...
so the ratio of cucumbers to carrots is : 15/45 which reduces to 1/3 <==
Answer: It's 74
Step-by-step explanation: I just took the test, i hope it helps you guys.
