calculus

posted by .

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 -

    What you have written in not an equation.

    Is one of your + or - signs supposed to be an = ?

  • calculus (typo) -

    in = is

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Ecconomics

    Price elasticity of demand.Tell whether is elastic,perfectly inelastic,perfectly elastic, inelastic,or unit elastic. And what would happen to total revenue if a firm raised its price in each elasticity range identified.a.Ed=2.5 b.Ed=1.0 …
  2. economics

    Identify three goods each for which your demand is (a) elastic or (b) inelastic. What accounts for the differences in elasticity?
  3. Mircoeconomics: Elasticity

    Please help! I have a mid-term test in a couple of minutes... -------------- If the demand for some good fluctuates, but supply is constant, then which of the following combinations would generally yield the greatest quantity fluctuations?
  4. Economics

    The question is, what is the for Math formula to show rather the demand of apples is Elastic, Inelastic, or Unitary Elastic Thank You Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops …
  5. miccoeconomics

    you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. your usage of paint drops from 35 gallons a month to 20 gallons a month. perform the following. compute the price elasticity of …
  6. Calculus (demand)

    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 …
  7. economics

    You are a painter, and the price of a gallon of paint increases from $3.00 a gallon from 3.50 a gallon. your usage of paint drops from 35 gallons a month to 20 gallons a month. perform the following: 1. compute the price elasticity …
  8. Microeconomics

    Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon Your usage of paint drops from 35 gallon a month to 20 gallons a month. Perform the following Compute the price elasticity …
  9. Math

    For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at the indicated price. (Round your answer to three decimal places.) x + (1/9)p - 27 =0 ; p=23
  10. Calculus

    For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at the indicated price. (Round your answer to three decimal places.) x + (1/9)p - 27 =0 ; p=23

More Similar Questions