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:

Commercial Finance Companies

Financial institutions that provide loans to businesses using accounts receivable, inventory, equipment, and property as collateral.

Assets

Economic resources or valuable items that an individual, corporation, or country owns or controls with the expectation that it will provide future benefits.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Required Share

The portion of equity that must be offered to existing shareholders when new shares are issued.