Elasticity of Demand for Ink-Jet Cartridges The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p = -0.05x? - 0.5x + 6 Compute the elasticity of demand when x = 5. (Round your answer to two decimal places.) Determine whether the demand is inelastic, unitary, or elastic when x = 5.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter5: A Survey Of Other Common Functions
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Elasticity of Demand for Ink-Jet Cartridges The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded
each week, measured in units of a thousand.
p = -0.05x2 - 0.5x + 6
Compute the elasticity of demand when x = 5. (Round your answer to two decimal places.)
Determine whether the demand is inelastic, unitary, or elastic when x = 5.
O elastic
O inelastic
Transcribed Image Text:Elasticity of Demand for Ink-Jet Cartridges The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p = -0.05x2 - 0.5x + 6 Compute the elasticity of demand when x = 5. (Round your answer to two decimal places.) Determine whether the demand is inelastic, unitary, or elastic when x = 5. O elastic O inelastic
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