Answer:
You didn't give any statements so I'll tell you that it's a vertical line.
Step-by-step explanation:
Answer: Choice B
If you lower your rates by 6% you will increase the number of occupancies by 12%
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Explanation:
Price Elasticity of Demand is found by dividing the percent change of demand over the percent change in price

If the price drops 6% leads to a 12% increase in demand, then we get this elasticity

The absolute value of that result is 2. We work backwards going from 2 to see the relationship between the 12% and 6%.
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Side notes:
- Choice A is incorrect as a price elasticity of demand larger than 2 means we have elastic (rather than inelastic) demand.
- Choice C is incorrect because while raising rates does bring in more money in certain situations, there's a limit to how much the price goes up before people stop showing up. The prices can't go up forever. Also, the fact we have an elastic product means people are either forgoing this hotel or finding a substitute.
- Choice D is incorrect. Products with high demand elasticity usually have substitutes. Any slight change in the price leads people to seek cheaper options. Unless we're dealing with a small town there are usually multiple hotels to choose from.
For Ax+By=C, we have y=-3x. We want both the y and x variable on the same side, and that leads us to either subtract y from both sides or add 3x to both sides. You can do either, but I personally prefer the latter, so we have 3x+y=0. We have A=3 (since that is the coefficient for x) and B=1 (since 1*y=y). Lastly, C=0
Feel free to ask further questions!
I'm not sure what the question is, but if it is proportions, then your anser is .5 feet every 2 hours
X= -20
48=8-2x
Subtract 8 from both sides.
40=-2x
Divide both sides by -2.
X=-20