Suppose the demand for a product is given by D(p) = - 4p + 118. || - A) Calculate the elasticity of demand at a price of $14. Elasticity = (Round to three decimal places.) %3D B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price = $
Suppose the demand for a product is given by D(p) = - 4p + 118. || - A) Calculate the elasticity of demand at a price of $14. Elasticity = (Round to three decimal places.) %3D B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price = $
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.7: More On Inequalities
Problem 44E
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