Answer:
there is no solution
Step-by-step explanation:
y + 7 = 3x
6x - 2y = 6 which can be simplied to be 3x - y = 6 (divide by 2)
let y = 3x - 7
substitute: 3x -(3x - 7) = 6
3x - 3x + 7 = 6
7 ≠ 6 therefore, no solution
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%
Answer:
x=−2
Step-by-step explanation:
