The quantity demanded each week x (in units of a hundred) of the Mikado miniature camera is related to the unit price p (in dollars) by the demand equation .
Is the demand elastic or inelastic when ?
__________
Is the demand elastic or inelastic when ?
__________
When is demand unitary? If it is necessary round the answer to two decimal places.
Hint: Solve for p. __________
If the unit price is lowered slightly from $17, will the revenue increase or decrease?
__________
If the unit price is increased slightly from $22, will the revenue increase or decrease?
__________

Question

The quantity demanded each week x (in units of a hundred) of the Mikado miniature camera is related to the unit price p (in dollars) by the demand equation  .
Is the demand elastic or inelastic when  ?
__________
Is the demand elastic or inelastic when  ?
__________
When is demand unitary? If it is necessary round the answer to two decimal places.
Hint: Solve  for p.  __________
If the unit price is lowered slightly from $17, will the revenue increase or decrease?
__________
If the unit price is increased slightly from $22, will the revenue increase or decrease?
__________

Quizplus · Accepted Answer

The Answer of The quantity demanded each week x (in units of a hundred) of the Mikado miniature camera is related to the unit price p (in dollars) by the demand equation  .
Is the demand elastic or inelastic when  ?
__________
Is the demand elastic or inelastic when  ?
__________
When is demand unitary? If it is necessary round the answer to two decimal places.
Hint: Solve  for p.  __________
If the unit price is lowered slightly from $17, will the revenue increase or decrease?
__________
If the unit price is increased slightly from $22, will the revenue increase or decrease?
__________

The Quantity Demanded Each Week X (In Units of a Hundred)