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%
3 blocks east and 2 blocks north should be the correct answer :)
Step-by-step explanation:
Tax charge
80 × 6.75/100 = 5.4
Cost + tax charge
80 + 5.4 = 85.4
Tip (15% of cost and tax)
85.4 × 15/100 = 12.81
(Cost + tax charge + tip)
85.40 + 12.81 = 98.21
therefore, $95 is not enough.
Answer:
10,000 :)
Step-by-step explanation:
5,089 rounded =5,000
4,722 rounded= 5,000
= 10,000
