Consider the market for taxis (cabs) in a city. The demand and supply for cabs are given in the number of cars running on the streets. Cab drivers are individual entrepreneurs, deciding about their entry and exit to and from the market individually (there are no big cab companies). Based on this information, please, answer the following questions. Please, plot a demand and supply curve of the market. Indicate the equilibrium price and equilibrium quantity. (1 point) What do you think about the price elasticity of demand in this market? Is it elastic or inelastic? Why? (2 points)

answer: 7270

step-by-step explanation:

the smallest possible measurement of the width is 14 feet

step-by-step explanation:

let's assume length of parallelogram is 'l'

width of parallelogram is 'w'

the perimeter of a parallelogram must be no less than 40 feet

so, we get

we are given

length of parallelogram is 6 feet

so,

l=6

we can plug it

now, we can solve for w

subtract both sides by 12

divide both sides by 2

and we get

so,

the smallest possible measurement of the width is 14 feet

c) the median for town a 30" is greater than the median for town b 25"

step-by-step explanation:

town a, median = q2 = 30

town b, median - q2 = 25

so the median for town a 30" is greater than the median for town b 25"