Use the Division or the Multiplication Property of Equality to Solve

question 24

Short Answer

Use the division or the multiplication property of equality to solve $1,145 = \frac { y } { 224 }$ . What is the result? $y =$ __________

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Definitions:

Consumer Purchases

This term refers to the buying of goods and services by consumers for their personal use.

Price Elasticity Coefficient

A measure used in economics to show how the quantity demanded of a good or service responds to a change in its price, calculated as the percentage change in quantity demanded divided by the percentage change in price.

Elastic

Describes a situation where the demand or supply of a good or service is sensitive to changes in price.

Perfectly Elastic

A situation where the quantity demanded or supplied changes infinitely in response to any change in price.