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%
The answer would be
m= -25
Answer+Step-by-step explanation:
m = man's age
s = son's age
m=s+36
(m+8)=3*(s+8)
Resolves to: s=10, m=46
So the man is 46 (=10+36).
In 8 years, son is 18 (=10+8), man is 54 (=3*18 and 46+8), thank you.
Answer:
Step-by-step explanation:
Percentage Calculator: What is 57 percent of 3.09? = 1.7613.
