Choose the synonym for the word permeate: a) contain b) intertwine c) spread
Solve for y: 4x - 4 = 12 x = 5y - 1
If x = (5y - 1), then: 4(5y - 1) - 4 = 12 (20y - 4) - 4 = 12 20y - 4 = 16 20y = 20 y = 20/20 y = 1
Define the concept of price elasticity of demand.
Price elasticity of demand refers to the responsiveness, in demand, to a change in price. Change in demand in response to a change in price indicates elasticity, while no change in demand in response to a change in price is referred to as inelasticity. In equation form, it is the percent change in quantity demanded divided by the percent change in price. A price elasticity of demand equal to zero means a product or service is perfectly inelastic (changes in price do not affect demand) , while a price elasticity greater than one means a product or service is perfectly elastic (demand is greatly affected by price).