Answer:
10
Step-by-step explanation:
20 divided by 4 = 5 and times it from there
The true statement about the graph's slope is (c) Its slope is zero.
<h3>How to determine the true statement?</h3>
From the question, we have:
A horizontal line is at y = 2.5.
The horizontal line implies that the cost of lunch do not change
Horizontal lines have a slope of 0
Hence, the true statement about the graph's slope is (c) Its slope is zero.
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25%
Divide 12 by 3 and you'll get 4.
That means 1/4 or a quarter of the 12 is 3.
(Convert the fraction to its percentage form)
1/4 or 1 divided by 4 equals 0.25
Multiply 0.25 by 100 and you'll get 25%
I don't under stand what u asked
Answer:
Demand is Elastic when Price > 200 ; Demand is inelastic when Price < 200
Step-by-step explanation:
p = 400 - 4x
4x = 400 - p
x = (400 - p) / 4 → x = 100 - p/4
Elasticity of demand [ P ed ] = (Δx / Δp) x (p / x)
Δx / Δp [Differentiating x w.r.t p] = 0 - 1/4 → = -1/4
P ed = <u>-1</u> x<u> p </u>
4 (400 - p)/4
= <u>-1</u> x <u> 4p </u> = -p / (400-p)
4 (400 - p)
Price Elasticity of demand : only magnitude is considered, negative sign is ignored (due to negative price demand relationship as per law of demand).
So, Ped = p / (400 - p)
Demand is Elastic when P.ed > 1
p / (400-p) > 1
p > 400 - p
p + p > 400 → 2p > 400
p > 400 / 2 → p > 200
Demand is inelastic when P.ed < 1
p / (400-p) < 1
p < 400 - p
p + p < 400 → 2p < 400
p < 400 / 2 → p < 200
