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3 years ago

I need help quick thanks!!!

Mathematics

1 answer:

aliya0001 [1]3 years ago

4 0

Answer:

x = 1.5

Step-by-step explanation:

-1.2 (3 - x) = -1.8

Apply distributive property

-3.6 + 1.2x = -1.8

Get 1.2x alone so add -3.6 to each side

1.2x = 1.8

Get x alone so divide 1.2 on each side

x = 1.5

Hope this helps!

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QUESTIONS The average price of wheat per metric ton in 2012 was $30575. Demand in millions of metric tons) in 2012 was 672. The

soldi70 [24.7K]

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We will compute the elasticity using the following formula:

ε = $\frac{\frac{(Q_{2} - Q_{1})}{\frac{(Q_{2} +Q_{1})}{2}}}{\frac{(P_{2} - P_{1})}{\frac{(P_{2} +P_{1})}{2}}}$

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Similarly for $\Delta P$

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$\because$ we know that ;

If, ε > 1 ⇒ Elastic

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ε = 1 ⇒ unit elastic

$\because$ Here , ε = -0.859 $\simeq$ -0.9

Therefore ε is inelastic.

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4 years ago