The Demand Equation for the Roland Portable Hair Dryer Is

question 40

Short Answer

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.

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Definitions:

Parallel Forms

A method of reliability assessment in psychometrics where two different versions of a test are used to measure the same construct, to check for consistency.

Interrater

Relates to the degree of agreement among independent observers or raters evaluating the same phenomenon.

Predictive Validity

The extent to which a score or measurement can accurately predict future performance or behavior.

Concurrent Validity

A measure of how well a particular test correlates with a previously validated measure.