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%
Answer:
He need $99 more
Step-by-step explanation:
87-14-17=56+33=89
188-89=99
Answer:
x=2/3
Step-by-step explanation:
(2x+1)/2 = 2 1/3/4
Multiply 4 on both sides:
2x+1=2 1/3
Rewrite:
2x+1=7/3
Subtract 1 on both sides:
2x=4/3
Divide 2 on both sides:
x=2/3
Thus x=2/3
Hope this helps!
38 is 10 times more than 3.8
Answer:
64 softballs
Step-by-step explanation:
Coach Beard currently already has 24 softballs.
When she orders 2 more buckets with 20 in each, that's another 20 + 20 = 40 softballs added to the original 24. So, let's add these two numbers:
24 + 40 = 64
The answer is 64 softballs.
<em>~ an aesthetics lover</em>
