The Demand Function for a Certain Brand of Compact Disc

question 4

Essay

The demand function for a certain brand of compact disc is , where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
Compute the elasticity of demand (to the nearest hundredth) when x = 10.
__________
Determine whether the demand is inelastic, unitary, or elastic when x = 10.
__________

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Definitions:

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