Point A is at -11. The half way point from there to 0 is -5.5.
The value of x according to the given task is; 12.
<h3>What is the value of x?</h3>
It follows from the task content that the value of x is to be determined.
Since, lines AB and BC are both tangent to the circle and they both share a point of intersection; it follows that;
5x = 3x +24
2x = 24
x = 24/2
x = 12.
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Answer:<u> -0.9 ; inelastic</u>
Explanation:
Given:
The average price of wheat per metric ton in 2012 = $305.75
Demand (in millions of metric tons) in 2012 = 672
The average price of wheat per metric ton in 2013 = $291.56
Demand (in millions of metric tons) in 2013 = 700
We will compute the elasticity using the following formula:
ε = 
ε = 
Now , we'll first compute 
i.e.
= 
= 0.04081
Similarly for 
i.e.
= 
= -0.0475
ε = 
ε = -0.859
-0.9
we know that ;
If, ε > 1 ⇒ Elastic
ε < 1 ⇒ Inelastic
ε = 1 ⇒ unit elastic
<u><em>
Here , ε = -0.859
-0.9 </em></u>
<u><em>Therefore ε is inelastic.</em></u>
Step-by-step explanation:
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Answer:
2
Step-by-step explanation:
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