Suppose that a price p and demand x are related through the price-demand equation  x+400p=8,000 calculate the elasticity of demand when p=25

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Suppose that a price p and demand are related through the price-demand

equation 

x+400p=8,000

calculate the elasticity of demand when p=25

 

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