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When two railroad tracks merge,the overlapping portions of the tracks are in the shapes of circular arcs (see figure) .The radius of each arc r (in feet) and the angle θ are related by Write a formula for x in terms of cos θ.
Very Elastic
A description of a demand or supply curve which shows that the quantity demanded or supplied changes significantly as price changes.
Unit Elastic
A situation in which a one percent change in price causes an equal percentage change in quantity demanded or supplied.
Very Inelastic
Describes a situation where the demand or supply for a product is barely affected by changes in the price.
Calculate Elasticity
entails determining the degree to which the quantity demanded or supplied of a good changes in response to a change in its price.
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