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AlekseyPX
3 years ago
6

In the following formula what does x(down)1 equal in terms of other variables.

Mathematics
2 answers:
icang [17]3 years ago
7 0

Answer:

It’s b

Step-by-step explanation:

VikaD [51]3 years ago
5 0
The correct answer is B
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For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inel
adelina 88 [10]

Answer:

Demand is inelastic at p = 9 and therefore revenue will increase with

an increase in price.

Step-by-step explanation:

Given a demand function that gives <em>q</em> in terms of <em>p</em>, the elasticity of demand is

E=|\frac{p}{q}\cdot \frac{dq}{dp}  |

  • If E < 1, we say demand is inelastic. In this case, raising prices increases revenue.
  • If E > 1, we say demand is elastic. In this case, raising prices decreases revenue.
  • If E = 1, we say demand is unitary.

We have the following demand equation D(p)=-\frac{3}{4}p+29; p = 9

Applying the above definition of elasticity of demand we get:

E(p)=\frac{p}{q}\cdot \frac{dq}{dp}

where

  • p = 9
  • q = -\frac{3}{4}p+29
  • \frac{dq}{dp}=\frac{d}{dp}(-\frac{3}{4}p+29)

\frac{d}{dp}\left(-\frac{3}{4}p+29\right)=-\frac{d}{dp}\left(\frac{3}{4}p\right)+\frac{d}{dp}\left(29\right)\\\\\frac{d}{dp}\left(-\frac{3}{4}p+29\right)=-\frac{3}{4}

Substituting the values

E(9)=\frac{9}{-\frac{3}{4}(9)+29}\cdot -\frac{3}{4}\\\\E(9)=\frac{36}{89}\cdot -\frac{3}{4}\\\\E(9)=-\frac{27}{89}\approx -0.30337

|E(9)|=|\frac{27}{89}| < 1

Demand is inelastic at p = 9 and therefore revenue will increase with an increase in price.

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To find the quotient Start Fraction 5 Over 7 End Fraction divided by one-third,
posledela

Answer:

its C.

Step-by-step explanation:

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