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%
Let the number of green apples bought be x
Green apples = x
Red apples = 2x
Yellow apples = 1/3 (2x) = 2/3 x
Total = 22 apples
x + 2x + 2/3 x = 22
11/3 x = 22
11x = 66
x = 6
Green apples = x = 6
Red apples = 2x = 2(6) = 12
Yellow apples = 2/3 (2x) = 2/3 (6) = 4
Answer: Green = 6, Red = 12, Yellow = 4
no -17 is greater than -6
Using algebra:n+(n+1)+(n+2)+(n+3)+(n+4)=5055n+10=5055n=505-105n=495n=495/5n=99n+1=100n+2=101 answer
