This means that X in the equation equals -1
It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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The per store donated 11 and 3/8 pounds of cat food... first you gotta make the denominators equal so 19 and 3/4 becomes 19 and 6/8 then you add the puppy and dog food together (19 6/8 +18 7/8= 38 5/8) then you take 50 and subtract the value you just got (50 - 38 5/8) and you get tour answer at 11 and 3/8 pounds
