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%
Answer:
I don't believe there is a standard formula for late payments. The late payment charge would vary by the lending institution. Some may have their own formula and some may have a set charge.
Step-by-step explanation:
Answer:
The population of Bear in 2050 is 4750000
Step-by-step explanation:
A) The exponential growth equation for bear is as follows -
dN/dT = rmax * N
Where dN/dT = change in population
rmax is the maximum rate of change
N = Base population
B) Here the per capita rate of increase (r) will always be a positive value irrespective of the and hence we will assume this population to be growing exponentially.
C) dN/dT = rmax * N
D) dN / 5 = 2.5 * 380,000
dN = 5*2.5 * 380000
= 4750000
Answer:
B. 5.6%
Step-by-step explanation:
Add all the visitors up which equals 4215.5 and do 236.9 divided by 4215.5 and you get 0.056 which converted to a percentage equals 5.6%. Hope this helps.