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Mathematics, 04.07.2020 05:01 Svetakotok
The demand equation for the Roland portable hair dryer is given as follows where x (measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars.
x = 15 ( 256 − p 2)(0 ≤ p ≤ 15)
(a) Is the demand elastic or inelastic when p = 5?elastic or inelastic is the demand elastic or inelastic when p = 10?elastic or inelastic
(b) When is the demand unitary? (Round your answer to two decimal places.) (Hint: Solve E(p) = 1 for p.)
(c) If the unit price is lowered slightly from $10, will the revenue increase or decrease?
increase or decrease
(d) If the unit price is increased slightly from $5, will the revenue increase or decrease?
Increase or decrease
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The demand equation for the Roland portable hair dryer is given as follows where x (measured in unit...
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