Ask Question
1 August, 01:26

Data collected in the imaginary economy of kharkeez reveals that when the price of bork increased by 20%, the quantity of bork sold decreased by 15%

+1
Answers (1)
  1. 1 August, 01:36
    0
    It is assumed that what is asked in this item is the rate of return of Kharkeez after an increase of bork price of 20% and then a decrease in selling price of 15%. The resulting function generated is 1.2x = k 0.85y. The increase is reflected on the addition of 20% (1.2) while the decrease is reflected on 1-0.15 equal to 0.85.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Data collected in the imaginary economy of kharkeez reveals that when the price of bork increased by 20%, the quantity of bork sold ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers