Solve for "x": 2x-9=1
5. Rearrange the equation so "2x" is by itself - add 9 to both sides. 2x = 10. Then divide both sides by 2 to get "x". x = 5
Given a perfectly inelastic demand curve and and a rightward shift in demand, what can you expect to happen to the quantity demanded?
Since demand is perfectly inelastic, then there would be no change to the quantity demanded. The demand curve is a vertical line.
Given nominal GDP and the price index, how would you calculate real GDP?
(Nominal GDP / Price Index)*100