Demand for one of OHaganBooks.com's other best-seller, The Secret Love of John O, is given by q=-7.01p+393 copies sold per week when the price is p dollars. Find the price elasticity of demand as a function of p and use it do determine the elasticity of demand for this book at a price of $20. (Round to two decimal places as needed.)
Demand for one of OHaganBooks.com's other best-seller, The Secret Love of John O, is given by q=-7.01p+393 copies sold per week when the price is p dollars. Find the price elasticity of demand as a function of p and use it do determine the elasticity of demand for this book at a price of $20. (Round to two decimal places as needed.)
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section: Chapter Questions
Problem 7T
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Demand for one of OHaganBooks.com's other best-seller, The Secret Love of John O, is given by
q=-7.01p+393
copies sold per week when the price is p dollars.
Find the price elasticity of demand as a function of p and use it do determine the elasticity of demand for this book at a price of $20. (Round to two decimal places as needed.)
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