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:
1. C
2. D
3. C
Explanation:
1. Girls = 12 plus twice the number of boys, so C. y = 12 + 2x.
2. You have to see which point has the second value being greater than the first value:
A) -1 > -2 is not true
B) 0 > 1 is not true
C) 2 > 3 is not true
D) 8 > 4 is true, so it's D
3. Add the two values and see if it's less than 5
A) -1-4 < 5 is true
B) 0 + 4 < 5 is true
C) 1 + 7 < 5 is not true, so this is the answer
D) 2 + 2 < 5 is true
You find the slope of the line by using the formula where x1 and y1 is the first point, and x2 and y2 are the second point.
Use elimination.
-x = -6
X = 6
-4 (6) + 4y = 12
Y = 9
(X,y)
(6,9) is the solution
nshs = sshs+5
wshs = nshh + 6 = sshs + 11
So nshs + wshs + sshs = 3*sshs + 16
So sshs = 10, nshs = 15 and wshs = 21
Answer 15.