Help me on 1. Please
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Answer:
Step-by-step explanation:
- The concept of demand is applied, demand may be elastic, inelastic and unitary as the detailed steps and calculations is as shown in the attached file.
- For elastic demand, P > 1
- For inelastic demand, P < 1
- For unitary, P = 1
X^2 + y^2 - x - 2*y = 0
To find both coordinates and radius we need to make this equation in circle form:
(x-a)^2 + (y-b)^2 = r^2
x^2 - 2*1/2*x + 1/4 - 1/4 + y^2 - 2*1*y + 1 - 1 = 0
Here we are adding and subtracting numbers in order to get square binomial.
(x - 1/2)^2 + (y-1)^2 = 5/4
coordinates of center are (1/2,1) and the radius is √
To find both coordinates and radius we need to make this equation in circle form:
(x-a)^2 + (y-b)^2 = r^2
x^2 - 2*1/2*x + 1/4 - 1/4 + y^2 - 2*1*y + 1 - 1 = 0
Here we are adding and subtracting numbers in order to get square binomial.
(x - 1/2)^2 + (y-1)^2 = 5/4
coordinates of center are (1/2,1) and the radius is √