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Step-by-step explanation:
For 1. 7/8 is 90 percent so .90
For 2+. Add the bottom together, whatever you get divide top by bottom.
The others you just divide them by each other.
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%
Yes they are the both equal 5.25 when divided
Answer:
24/25
Step-by-step explanation:
Please see the attached image.
The cosine of an angle is the adjacent side relative to that angle over the hypotenuse.
Answer: 24/25
A = $ 1,721.28
A = P + I where
P (principal) = $ 1,500.00
I (interest) = $ 221.28
