Answer:
Step-by-step explanation:
- Approximate Value ⇒ 100 dollars
- Exact Value ⇒ 75 dollars
- Error ⇒ 25 dollars
- Absolute Error ⇒ ±25 dollars
- Ratio ⇒ 25/75 = 0.3333
- Percent Error ⇒ 33.33%
Answer:
Increase by 72.5 percent
Step-by-step explanation:
Just dived 435 by 600 and you get your answer
Answer:
1500
Step-by-step explanation:
3/7 of 3500
=3/7 × 3500
=150
Answer:
X=25
Step-by-step explanation:
This is because X has to be greater than 23. Because you are taking away 35 and the answer is 2, you have to add 23 and 2, and that gives you 25!
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>