The short-term demand for crude oil in Country A in 2008 can be approximated by q = f(p) = 1, 705, 621 p^-0.07, where p represents the price of crude oil in dollars per barrel and q represents the per capita consumption of crude oil. Calculate and interpret the elasticity of demand when the price is $46 per barrel. The elasticity of demand for oil is (Type an integer or a decimal.) What is the elasticity of demand for oil when the price is $46 per barrel? (Type an integer or a decimal.) Interpret the elasticity of demand. Choose the correct answer below. a. The demand is elastic, so as price increases, revenue decreases. b. The demand is elastic, so as price increases, revenue increases. c. The demand is inelastic, so as price increases, revenue increases. d. The demand is inelastic, so as price increases, revenue decreases.

i think this could be a possible answer (1 / 84) -1

good luck! : d

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3

quit

step-by-step explanation:

i don't see any steps below, sweetheart