Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity = 
Percentage change in price =
Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
Answer:
and two parts r equal btw but look below
Step-by-step explanation:
A circle is a geometric figure that needs only two parts to identify it and classify it: its center (or middle) and its radius (the distance from the center to any point on the circle). After you’ve chosen a point to be the center of a circle and know how far that point is from all the points that lie on the circle, you can draw a fairly decent picture.
Answer:
30 trees
Step-by-step explanation:
Given the policy:
8 trees are cut down 48 trees will be planted
If homeowner is going to cut down five trees on his property how many trees will be planted
Since :
8 trees cut down = 48 planted
5 trees cut down = X
Cross multiply :
8 * X = 48 * 5
8X = 240
X = 240/8
X = 30
Hence, 30 trees will need to be planted
1/4 x 24 is 6.
Your welcome
Answer:
Step-by-step explanation:
So I'm assuming when you typed "log yhat=.4785 + 1.468x", you meant to write: 
. And generally a logarithm can be written in the form 
which can then be rewritten as 
, but since the log has no base, it's assumed to be 10. So in this case you have the equation:
, which can then be written in exponential form as:
