The demand function for a product is modeled by p = 400 − 4x, 0 ≤ x ≤ 100, where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) x =
The demand function for a product is modeled by p = 400 − 4x, 0 ≤ x ≤ 100, where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) x =
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.3: Zeros Of Polynomials
Problem 67E
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Question
The demand function for a product is modeled by
p = 400 − 4x,
0 ≤ x ≤ 100,
where p is the price per unit (in dollars) and x is the number of units.(a)
Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.)
elastic demand
inelastic demand
Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.)
x =
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