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:
x = (0.75)(0.15) = 11.25%
Divide 384 by 12 then multiply it by 5 to give you 160
Answer:
D
Step-by-step explanation:
Under a counterclockwise rotation about the origin of 90°
a point (x, y) → (- y, x)
A translation of 3 units up → + 3 in the y- direction, that is add 3 to the y- coordinate, hence
(x, y) → (- y, x) → (- y, x+ 3) → D
Answer:
terminating
Step-by-step explanation:
