To find the answer, turn the appreciated percent into a decimal:
5% ----> .05 (Divide by 100)
Then multiply it by the total value:
100,000 x .05 = 5000
Then add that to the total:
105,000
So the house is worth a total of $105,000.
Hope this helps!
Answer:
v=6
Step-by-step explanation:
First let's simplify the equation so it will be easier to PEMDAS the equation later.
-7v+4(2-5v)=-154
-7v+8-20v=-154
-27v+8=-154
Now you must isolate the v variable. You do this by subtracting 8 first and then divide by -27.
-27v+8=-154
-27v=-162
v = 6
Answer:
-2; Inferior good
Step-by-step explanation:
Given that,
Initial Quantity = 10 boxes
New Quantity = 8 boxes
Percentage increase in Sally's income = 10%
Change in consumption:
= 8 boxes - 10 boxes
= - 2 boxes
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Initial quantity) × 100
= (-2 ÷ 10) × 100
= - 20%
Therefore,
Income elasticity of demand:
= percentage change in quantity demanded ÷ Percentage change in income
= - 20% ÷ 10
= -2
Inferior goods are generally have a negative income elasticity of demand which means that an increase in the income of the consumer will lead to reduce the quantity demanded for inferior good and vice versa.
Hence, the good is a inferior type of good.
Answer:
Exact form: √
29
Decimal form: 5.38516480
Step-by-step explanation: