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D(p)=200/p find the elasticity of demand
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- Use the price-demand equation to determine whether demand is elastic, inelastic, or has unit elasticity at the indicated value of p. x= f(p) = 15,360 - 20p“, p = 17 Is the demand inelastic, elastic, or unit? Inelastic Elastic UnitUse the price-demand equation to find E(p), the elasticity of demand. x=f(p)=170-25 ln (p)The demand for wooden chairs can be modeled as D(p) = -0.01p + 6.25 million chairs where p is the price (in dollars) of a chair. (a) Find the point of unit elasticity. The point of elasticity occurs when p = $ and D(p) million chairs. (b) For what prices is demand elastic? For what prices is demand inelastic? Demand is inelastic fora) Find the demand as a function of time t. b) Find the rate of change of the quantity demanded when t=80 days.Determine the point elasticity n of the demand equation 3p2q=5000+2000p2 when p=50.The demand function for a Christmas music CD is given by q= D(p) = 0.25(225 - p²) where q (measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars. -0 (b) Evaluate the elasticity at 10. E(10) = (c) Should the unit price be lowered slightly from 10 in order to increase revenue? ? î (a) Find the elasticity function, E(p) = (d) Use the elasticity of demand to find the price per unit which maximizes revenue for this product. p=dollars per CD Round your answer to two decimal places as needed.Use the price-demand equation to find E(p), the elasticity of demand. x= f(p)=87-0.7 eP E(p) =How do you determine whether demand is inelastic? elastic? Describe what a corporation should do if their demand is inelastic, elastic.K 400 (p+8) For the demand function q = D(p) = - a) Find the equation for elasticity. E(p) = find the following. a) The elasticity b) The elasticity at p = 1, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) Cloor all ChecSEE MORE QUESTIONS