Answer:
Multiply input by 4.
Step-by-step explanation:
So, all we have to do is find the difference between the input/output.
So for the first one.
4y=1x
Divde both sides:
1y=1/4x
Next we have 16y=4x
Divide both sides:
1y=1/4x
Ok, so we now know that y is 1/4x
Or in otherwords, 4x is 1y.
Remember x is input, and y is output.
So we can think of this as the input times 4 equals the output.
This seems to be the second answer.
Hope this helps!
Answer:
2
Step-by-step explanation:
2
Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
