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.
__________
Correct Answer:
Verified
Correct Answer:
Verified
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