The demand equation for the Roland portable hair dryer is given by 
, where x (measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars.
?
Is the demand elastic or inelastic when 
?
?
__________
?
Is the demand elastic or inelastic when 
?
?
__________
?
When is the demand unitary? Round the answer to two decimal places. (Hint: Solve 
for p).
?
p = __________
?
If the unit price is increased slightly from $10, will the revenue increase or decrease?
?
__________
?
If the unit price is lowered slightly from $8, will the revenue increase or decrease?
?
__________
What will be an ideal response?
inelastic; elastic; 9.22; decrease; decrease
You might also like to view...
Graph the function.Use the graph of f(x) = 2x to obtain the graph of g(x) = - 2x.
A. 
B. 
C. 
D. 
Use the binomial theorem to expand the binomial.
?
What will be an ideal response?
Determine whether the equation defines y as a function of x.x = y2 + 4
A. Yes B. No
Perform the operation indicated.
÷ 
A. 
B. 
C. 
D. 