Answer:<u> -0.9 ; inelastic</u>
Explanation:
Given:
The average price of wheat per metric ton in 2012 = $305.75
Demand (in millions of metric tons) in 2012 = 672
The average price of wheat per metric ton in 2013 = $291.56
Demand (in millions of metric tons) in 2013 = 700
We will compute the elasticity using the following formula:
ε = 
ε = 
Now , we'll first compute 
i.e.
= 
= 0.04081
Similarly for 
i.e.
= 
= -0.0475
ε = 
ε = -0.859
-0.9
we know that ;
If, ε > 1 ⇒ Elastic
ε < 1 ⇒ Inelastic
ε = 1 ⇒ unit elastic
<u><em>
Here , ε = -0.859
-0.9 </em></u>
<u><em>Therefore ε is inelastic.</em></u>
Here is the solution for the given problem above:
Given: 5/8 yard of ribbon = total length of the ribbon
1/12 yard = length of the ribbon after Tom cut it equally
? = number of pieces of 1/12 yard from 5/8 yard
So to divide fractions, here is the solution
5/8 divided by 1/12
5/8 multiplied by 12/1
5x12 is 60
8x1 is 8.
So 60/8 would be 7.5. Therefore, the number of pieces that was cut from the 5/8 ribbon is 7.5. Hope this answer helps.
Answer:
75 cent.
Step-by-step explanation:
It's 51 + 24 because it grows one centimeter every month.
51 + 24 = 75 cent.
97.8-63.65
97.80
-63.65
-----------
34.15
The value that makes the equation true is 3!
7(3) + 1 = 22