2. Given the price- demand equation: p+0.02r= 60 a) Express the demand x as a function of the price p. b) Find the elasticity of demandE (p). c) (i) Determine whether the demand is elastic, inelastic, or has unit elasticity when p $35: (ii) Hence, if the price increased by 8%, will the revenue increase or decrease?

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.