Use the​ price-demand equation p+0.004x=39​, 0≤p≤39. Find the elasticity of demand when p=​$21. If the ​$21 price is decreased by 6​%, what is the approximate percentage change in​ demand? The elasticity of demand when p=21 is ? ​(Type an integer or a simplified​ fraction.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
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Use the​ price-demand equation
p+0.004x=39​,
0≤p≤39.
Find the elasticity of demand when
p=​$21.
If the
​$21
price is decreased by
6​%,
what is the approximate percentage change in​ demand?
 
 
 
The elasticity of demand when
p=21
is
?
​(Type an integer or a simplified​ fraction.)
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