Many people believe that an Increase in the price of gasoline will change consumer attitudes and driving behavior. They assume people will drive less often and buy smaller, more efficient cars the price of gasoline increases. However, Imagine that gas prices Increased significantly and people's driving habits and gas consumption levels changed very little. Use this information and your knowledge about elasticity of demand to answer. How might time affect this scenario?

Apply what you have learned in this section by completing the following extension activities. Apply Prior Knowledge In a small group, share your background knowledge about revenue. When have you heard the word revenue? What do you know about it? Work together to rewrite the definitions In your own words.

Write two goals that you think would benefit society, and describe an incentive that will accomplish each goal. Goal: ________ Incentive: _________

Describe the distribution and any interesting patterns you notice in the stem-and-leaf plot. Interpret your findings in terms of the number of medals won in the 2016 Summer Olympics.

Horsepower is a unit of power; one horsepower (1 hp) is equivalent to 745 watts. The world record for climbing a 25-feet rope was set by Garvin Smith in Los Angeles in 1947, when he climbed the 25 feet in 4.7 seconds. Assuming that Mr. Smith has a mass of 65 kg, calculate the average power (in both watts and horsepower) that he generated during his climb.

Determine each product. a. $25 \times 0.31$ b. $7.05 \times 3.72$

A satellite will travel indefinitely in a circular orbit around a planet if the normal component of the acceleration of the satellite is equal to $g(R / r)^{2}$, where g is the acceleration of gravity at the surface of the planet, R is the radius of the planet, and r is the distance from the center of the planet to the satellite. Knowing that the diameter of the sun is 1.39 Gm and that the acceleration of gravity at its surface is 274 $m/s^2$, determine the radius of the orbit of the indicated planet around the sun assuming that the orbit is circular.

Yesterday, the price of a good was $10 and the quantity demanded was 100 units. Today the price of the good is$12 and the quantity demanded is 87 units. Did the quantity demanded fall because the price increased, or did the price increase because the quantity demanded fell?

Determine the absolute value of the number. |-4|

A physics student measures the speed of sound in air as $352 \mathrm{m} \cdot \mathrm{s}^{-1}$. A reference source lists the speed as being $344 \mathrm{m} \cdot \mathrm{s}^{-1}$. Calculate the percentage error in the student’s experimental result.

Use the terms demand and quantity demanded correctly in a sentence about concert tickets.

Find the cofactor of each element in the second row of each matrix.

$$\left[\begin{array}{rrr} -2 & 0 & 1 \\ 1 & 2 & 0 \\ 4 & 2 & 1 \end{array}\right]$$

Suppose you have the equation $\frac{1}{2} x=10$. a. Use the Multiplication Property of Equality to write at least 3 equations that have the same solution. b. Use the Division Property of Equality to write at least 3 equations that have the same solution.

What important demographic shift occurred in the 1950s?