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%
I think it would be 8 miles: it would have been 2 hours, so 4 * 2 is 8 miles.
:) Hope this helps!
Answer:
3
1
2
Step-by-step explanation:
Step 1: Subtract 9
50.24 = 3.14x²
Step 2: Divide by 3.14
x² = 16
Step 3: Square root both sides
x = ±4
Answer:
d
Step-by-step explanation:
This is the distributive property. You take what is outside of the parenthesis and DISTRIBUTE it inside the parenthesis.
