p=8/5−1/2500x Calculate E(p), the elasticity of demand, and use it to find the value of p for which E(p)=1. Give your answer as a decimal to one decimal place.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
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p=8/5−1/2500x

Calculate E(p), the elasticity of demand, and use it to find the value of p for which E(p)=1. Give your answer as a decimal to one decimal place.

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