consider the price-demand equation given p=(6000-x)/1200 it can be shown that the elasticity of demand is elastic when 2.5

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 43E
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consider the price-demand equation given p=(6000-x)/1200 it can be shown that the elasticity of demand is elastic when 2.5<p<5

what is the interpretation

 

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