The demand equation for t-shirts is given by p= 23-x where p is the price of dollars of one t-shirt and x is the number of t-shirts sold in one week. Which of the following represents the elasticity of demand when the t-shirts are priced at $15? a) 15 b) 25 c) 0.75 d) 1.5
The demand equation for t-shirts is given by p= 23-x where p is the price of dollars of one t-shirt and x is the number of t-shirts sold in one week. Which of the following represents the elasticity of demand when the t-shirts are priced at $15? a) 15 b) 25 c) 0.75 d) 1.5
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 2E
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The demand equation for t-shirts is given by p= 23-x where p is the price of dollars of one t-shirt and x is the number of t-shirts sold in one week. Which of the following represents the elasticity of demand when the t-shirts are priced at $15?
a) 15
b) 25
c) 0.75
d) 1.5
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