Answered: Use the price-demand equation to…

Use the price-demand equation to determine whether demand is elastic, inelastic, or has unit elasticity at the indicated value of p. x=f(p) = 30,720− 40p2, p=17

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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Question

Use the price-demand equation to determine whether demand is elastic, inelastic, or has unit elasticity at the indicated value of p.

x=f(p) = 30,720− 40p2,

p=17

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Part 1

Is the demand inelastic, elastic, or unit? Choose the correct answer below.

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