The demand function for a certain make of exercise bicycle sold exclusively through cable television is , where p is the unit price in hundreds of dollars and x is the quantity demanded/week.

Compute the elasticity of demand and determine the range of prices corresponding to inelastic, unitary, and elastic demand.

A. ; for  demand is inelastic;

for  demand is unitary;

for  demand is elastic


B. ?

; for  demand is inelastic;

for  demand is unitary;

for  demand is elastic?


C. ?; for  demand is inelastic;

for  demand is unitary;

for  demand is elastic?


D. ?; for  demand is inelastic;

for  demand is unitary;

for  demand is elastic?



Answer: B

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