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 and determine whether the demand is inelastic, unitary, or elastic when x = 13.
A) unitary
B) elastic
C) inelastic

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 and determine whether the demand is inelastic, unitary, or elastic when x = 13.
A) unitary 
B) elastic 
C) inelastic

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 and determine whether the demand is inelastic, unitary, or elastic when x = 13.
A) unitary 
B) elastic 
C) inelastic

The Demand Function for a Certain Brand of Compact Disc