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Anettt [7]
3 years ago
10

Problem ID: PRABESEJ ​

Mathematics
1 answer:
atroni [7]3 years ago
5 0

Answer:

??

Step-by-step explanation:

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The root of 77 is 8.774 so the answer is C

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John Doe estimates that the price elasticity of demand for new SUVs to be 0.75. If the price of SUVs rose by 15%; would the quan
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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:
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Answer:

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6 0
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