Answer: Percentage change in quantity would decrease by 12.5%.
Step-by-step explanation:
Since we have given that
Price elasticity of demand = -0.8
Price of each unit = $100
After change, price of each unit becomes = $110
% change in quantity would be
As we know the relation between price, quantity and elasticity.
Hence, Percentage change in quantity would decrease by 12.5%.
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Answer:
The given graph shows a function of x.
Step-by-step explanation:
Neither 1 nor 3 is a single-valued relation for some values of x. The graph shown passes the vertical line test, so does represent a function.
The graph is a relation that is a function of x.
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The attached graph is of the equation of 3. A vertical line will intersect the graph in more than one place, so the relation is NOT a function.
