Homework Help: calculus

Posted by Ben on Wednesday, June 15, 2011 at 5:15pm.

18) The demand equation is x + 1/6p - 10+0.

Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50.

a) 5; elastic
b) 1/9; inelastic
c) 7/6; elastic
d) 6; elastic

I choose answer A. Is that correct?

calculus - drwls, Wednesday, June 15, 2011 at 6:33pm
What you have written in not an equation.

Is one of your + or - signs supposed to be an = ?
calculus (typo) - drwls, Wednesday, June 15, 2011 at 8:33pm
in = is

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