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In the following equation, Qroses and Proses refer to quantity of roses sold (in dozens), to average wholesale price of roses ($/dozens) respectively: log(Qroses) 8.95- 1.75 log(Proses) Which of the following statements is then true? Your choice: If Qroses increases by 1%, Proses increases by log (1.75)% If Proses increases by 1%, Qroses decreases by log(1,75)% If Proses increases by 1%, Qroses decreases by 1.75%. If Proses increases by 1%, Qroses increases by 1.75%.

In the following equation, Qroses and Proses refer to quantity of roses sold (in dozens), to average wholesale price of roses ($/dozens) respectively: log(Qroses) 8.95- 1.75 log(Proses) Which of the following statements is then true? Your choice: If Qroses increases by 1%, Proses increases by log (1.75)% If Proses increases by 1%, Qroses decreases by log(1,75)% If Proses increases by 1%, Qroses decreases by 1.75%. If Proses increases by 1%, Qroses increases by 1.75%.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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In the following equation, Qroses and Proses refer to quantity of roses sold (in dozens), to average wholesale price of roses ($/dozens) respectively: log(Qroses) = 8.95-1.75 log(Proses) Which of the following statements is then true? Your choice: If Qroses increases by 1%, Proses increases by log (1.75)% If Proses increases by 1%, Qroses decreases by log(1.75)% If Proses increases by 1%, Qroses decreases by 1.75%. If Proses increases by 1%, Qroses increases by 1.75%.
Transcribed Image Text:In the following equation, Qroses and Proses refer to quantity of roses sold (in dozens), to average wholesale price of roses ($/dozens) respectively: log(Qroses) = 8.95-1.75 log(Proses) Which of the following statements is then true? Your choice: If Qroses increases by 1%, Proses increases by log (1.75)% If Proses increases by 1%, Qroses decreases by log(1.75)% If Proses increases by 1%, Qroses decreases by 1.75%. If Proses increases by 1%, Qroses increases by 1.75%.
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