Answer:
The correct answer is;
Demand for gasoline in Orlando is price inelastic.
Explanation:
The elasticity is the degree of response to a change in price or quantity supplied to the the quantity demanded. An elastic demand responds positively to change in price, while an inelastic demand means that when there is a price increase, the quantity demanded remains the same and where there is a drop in price the quantity demanded remains constant.
If a small change in price results in a large change in demand then the good is said to be price elastic
In the question the price increases by 10% while the quantity demanded drops 5 % daily. Therefore it is price inelastic
Answer:
hope this help !
Explanation:
Use the given functions to set up and simplify 173 ° C .
1.5 =
CH4 = CH4
4.4 = CH4
173 ° C = CH4
Answer:
V = 0.63 L
Explanation:
To solve this problem, we need to use the Charle's law which is a law that involves temperature and volume, assuming we have a constant pressure. The problem do not state that the pressure is being altered, so we can safely assume that the pressure is constant (Maybe 1 atm).
Now, as the pressure is constant, the Charle's law is the following:
V₁ / T₁ = V₂ / T₂ (1) V is volume in Liter, and T is temperature in Kelvin.
Using this law with the given data, we solve for V₂:
V₂ = V₁T₂ / T₁
Before we use this expression, let's convert the temperatures to Kelvin:
T₁ = 19 + 273 = 292 K
T₂ = 250 + 273 = 523 K
Now, let's calculate the volume of the balloon:
V₂ = 0.35 * 523 / 292
<h2>
V₂ = 0.63 L</h2>
