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The demand function for a product is modeled by p = 980 - x, 0 ≤ X ≤ 980 where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) X = (b) Use the result of part (a) to describe the behavior of the revenue function. The revenue function ---Select--- v then is flat at x = and then --Select-- v

The demand function for a product is modeled by p = 980 - x, 0 ≤ X ≤ 980 where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) X = (b) Use the result of part (a) to describe the behavior of the revenue function. The revenue function ---Select--- v then is flat at x = and then --Select-- v

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 43E
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The demand function for a product is modeled by p = 980 - x, 0 ≤ X ≤ 980 where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) X = (b) Use the result of part (a) to describe the behavior of the revenue function. The revenue function ---Select--- v then is flat at x = and then --Select-- v
Transcribed Image Text:The demand function for a product is modeled by p = 980 - x, 0 ≤ X ≤ 980 where p is the price per unit (in dollars) and x is the number of units. (a) Determine when the demand is elastic and inelastic. (Enter your answer using interval notation.) elastic demand inelastic demand Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) X = (b) Use the result of part (a) to describe the behavior of the revenue function. The revenue function ---Select--- v then is flat at x = and then --Select-- v
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