Use the price-demand equation p+0.004x = 42, 0sps42. Find the elasticity of demand when p $22. If the $22 price is decreased by 10%, what is the approximate percentage change in demand? The elasticity of demand when p = 22 is (Type an integer or a simplified fraction.) If the price is decreased by 10%, the demand approximately %. (Type an integer or a simplified fraction.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.4: Solving Quadratic Equations By Factoring
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Use the price-demand equation p+0.004x = 42, 0sps42. Find the elasticity of demand when p $22. If the $22 price is decreased by 10%, what is the approximate
percentage change in demand?
The elasticity of demand when p = 22 is
(Type an integer or a simplified fraction.)
If the price is decreased by 10%, the demand
approximately %.
(Type an integer or a simplified fraction.)
Transcribed Image Text:Use the price-demand equation p+0.004x = 42, 0sps42. Find the elasticity of demand when p $22. If the $22 price is decreased by 10%, what is the approximate percentage change in demand? The elasticity of demand when p = 22 is (Type an integer or a simplified fraction.) If the price is decreased by 10%, the demand approximately %. (Type an integer or a simplified fraction.)
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