Suppose that demand for automobiles increases by 30% when consumers’ incomes increase by 25%. What is the income elasticity of demand for automobiles? round your answer to two decimal places.

The answer is : v = 55 + 8m plug in m = 25 v = 55 + 8(25) = 255 25 minutes after baxter begins filling the tank, the volume of water in the tank will be 255 gallons. slope: m = 8 gal/min for every min the water is on, the volume of water in the tank increases by 55 gallons. y-intercept: 55 (0,55) the initial volume of water in the tank was 55 gallons.

It’s b each orbits at a slower rate than the rate rate which the moon orbits the earth