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Use the price-demand equation x = f (p) = 4800 - 4p² to determine whether demand is elastic, is inelastic, or has unit elasticity at the indicated values of p. (A) At p = 30, the elasticity is E(30) = , so, the demand is by %. And the revenue will (B) At p = 15, the elasticity is E(15) = demand by If the price increases by 10%, then the demand (use 3 decimal places) so, the demand is % (use 2 decimal places). And the revenue will If the price increases by 10%, then the

Use the price-demand equation x = f (p) = 4800 - 4p² to determine whether demand is elastic, is inelastic, or has unit elasticity at the indicated values of p. (A) At p = 30, the elasticity is E(30) = , so, the demand is by %. And the revenue will (B) At p = 15, the elasticity is E(15) = demand by If the price increases by 10%, then the demand (use 3 decimal places) so, the demand is % (use 2 decimal places). And the revenue will If the price increases by 10%, then the

Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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Use the price-demand equation = f (p) = 4800 - 4p² X = to determine whether demand is elastic, is inelastic, or has unit elasticity at the indicated values of p. (A) At p = 30, the elasticity is E(30) = so, the demand is by I %. And the revenue will (B) At p = 15, the elasticity is E(15) = demand by If the price increases by 10%, then the demand (use 3 decimal places) so, the demand is _% (use 2 decimal places). And the revenue will If the price increases by 10%, then the
Transcribed Image Text:Use the price-demand equation = f (p) = 4800 - 4p² X = to determine whether demand is elastic, is inelastic, or has unit elasticity at the indicated values of p. (A) At p = 30, the elasticity is E(30) = so, the demand is by I %. And the revenue will (B) At p = 15, the elasticity is E(15) = demand by If the price increases by 10%, then the demand (use 3 decimal places) so, the demand is _% (use 2 decimal places). And the revenue will If the price increases by 10%, then the
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