If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
Answer:
IDK
Step-by-step explanation:
Answer:
4 plants
Step-by-step explanation:
If betty has $33 dollars and each plant is $8, than 33/8 ≈ 4
(8 * 4 is 32)
She will have one dollar left but she can't buy another plant since that's not enough.
<span>Let X be the number of success in n trials. X has the binomial distribution with n = 4 trials and success probability p = 0.1666667 .</span>
