Try this option:
1 meter=1000 mm; 1 hour=60 min. From another side: 1 mm=0.001 m. and 1 min=1/60 h.
Using this rule:
620 mm/h=0.06*620 m/h=37.2 meters per hour.
answer: 0.06
See picture for rough graph
Answer:
B. the more inelastic is the demand for the final product.
Explanation:
Inelastic demand occurs when demand rises by a lower percentage as compared to the percentage of the price drop.
Take for instance, if price drops by 10% and then demand only rises by 4%.
Now, the derived demand curve for a product component will be more inelastic when there's more rises by lower percentages of the final product than price drop. The more inelastic the demand for a product is, the more inelastic the demand derive curve will be.
the first one is -11,-5,2,6,19
