Answer the following questions for the price-demand equation. p+0.002x=50 Question content area bottom Part 1 (A) Express the demand x as a function of the price p. x= ......enter your response here Part 2 The domain of this function is.........enter your response here. (Type an inequality or a compound
Answer the following questions for the price-demand equation. p+0.002x=50 Question content area bottom Part 1 (A) Express the demand x as a function of the price p. x= ......enter your response here Part 2 The domain of this function is.........enter your response here. (Type an inequality or a compound
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
Related questions
Question
Answer the following questions for the price-demand equation.
p+0.002x=50
Question content area bottom
Part 1
(A) Express the demand x as a function of the price p.
x= ......enter your response here
Part 2
The domain of this function is.........enter your response here.
(Type an inequality or a compound inequality.)
Part 3
(B) Find the elasticity of demand, E(p).
E(p)=.......enter your response here
Part 4
(C) What is the elasticity of demand when
p=20?
The elasticity of demand when
p=20 is...... enter your response here.
(Type an integer or a simplified fraction.)
Part 5
If the price is increased by15%,
what is the approximate change in demand?
what is the approximate change in demand?
The demand
▼
increases by
decreases by
is approximately ......enter your response here%.
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