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 p=8 ? __________
Is the demand elastic or inelastic when p=10? __________
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? __________
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q125: During testing of a certain brand of
Q126: Acrosonic's production department estimates that the total
Q127: Find the first and second derivatives of
Q128: The proprietor of the Showplace, a video
Q129: Find the third derivative of the function.
Q131: Find the first and second derivatives of
Q132: Find the first and second derivatives of
Q133: Find the first and second derivatives of
Q134: Find the first and second derivatives of
Q135: Find the third derivative of the function.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents