The demand function for a certain brand of compact disc is , where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Compute the elasticity of demand (to the nearest hundredth) when x = 10.
__________
Determine whether the demand is inelastic, unitary, or elastic when x = 10.
__________

Question

The demand function for a certain brand of compact disc is  , where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Compute the elasticity of demand (to the nearest hundredth) when x = 10.
__________
Determine whether the demand is inelastic, unitary, or elastic when x = 10.
__________

Quizplus · Accepted Answer

The Answer of The demand function for a certain brand of compact disc is  , where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Compute the elasticity of demand (to the nearest hundredth) when x = 10.
__________
Determine whether the demand is inelastic, unitary, or elastic when x = 10.
__________

The Demand Function for a Certain Brand of Compact Disc