Answer:
Using the midpoint formula, the 12.5 percent change in price lead to a 10.5 percent change in the quantity demanded.
Step-by-step explanation:
This problem is related to the price elasticity of demand.
The price elasticity of demand is defined as the percent change in quantity demanded divided by the percent change in price.
Using the <u>midpoint formula</u>:
The formula for percent change in quantity demanded is:
Percent change in quantity demanded
The formula for percent change in price is:
Percent change in price
Given:
Percent change in quantity demanded =
Percent change in price =
The complete statement is:
Using the midpoint formula, the 12.5 percent change in price lead to a 10.5 percent change in the quantity demanded.
Answer:
13
Step-by-step explanation:
5 · x + 3 = 5 · 2 + 3 = 10 + 3 = 13
Melissa's solution is correct.
<u>Explanation:</u>
A(2, 8), B(2, 2), C(–4, 2), and D(–4, 8)
Length of AB =
Length of BC =
=
Area of rectangle = length X breadth
= 6 X 6
= 36 square units.
Therefore, Melissa's solution is correct.
Answer:
its B .
Step-by-step explanation:
Answer:
10
Problem: What is 2(f(x)) if f(x)=5?
Step-by-step explanation:
If f(x)=5, then 2(f(x))=2(5) by substitution.
So 2(f(x))=10 since 2(5)=10.
The answer is 10.
Maybe the following looks a little better for understanding:
2(f(x))
2(5)
10