Answer: The value of cross price elasticity is 1.6.
Step-by-step explanation:
Since we have given that
Percent change in price = 10%
Percent change in quantity = 16%
So, we need to find the cross price elasticity between the two movie club memberships.
As we know the formula for cross price elasticity :
Hence, the value of cross price elasticity is 1.6.
The marked price of the projector is $50,000.
<h3>What is the marked price?</h3>
The price of the projector after the discount can be represented with:
(100 - 10%)x - 90%x = 0.90x
Where x is the marked price
The price of the projector after the VAT is : (1.13) x 0.90x = 1.02x
Difference in price = 1.02x - 0.90x = 5850
0.12x = 5850
x = 5850 / 0.12
x = $50,000
To learn more about how to calculate discounts, please check: brainly.com/question/26061308
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Answer:
See below
Step-by-step explanation:
Julie wants to cut her hair 9 inches off from 16 inches
<h3>Part A </h3>
Expression
<h3>Part B</h3>
Calculation
<h3>Part C</h3>
Explanation of steps
- 1 - note the point 16 on the number line
- 2 - move left by 9 points on the number line
- 3 - note point 7 as answer
