he quantity demanded each week x (in units of a hundred) of the Mikado digital camera is related to the unit price p (in dollars) by the demand equation
x = (a)Is the demand elastic or inelastic when p = 50? Is the demand elastic or inelastic when p = 60? (b)When is the demand unitary? (c)If the unit price is lowered slightly from $60, will the revenue increase or decrease? (d)If the unit price is increased slightly from $50, will the revenue increase or decrease?
(0 ≤ p ≤ 80). 
400 − 5p
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he quantity demanded each week x (in units of a hundred) of the Mikado digital camera is related to the unit price p (in dollars) by the demand equation
The quantity q demanded each week for a new digital camera is related to the price p of the camera (in dollars per camera) by the functionq /400 -Sp hundred cameras. a. Find the elasticity of de...
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15. When price = $12, quantity demanded = 1,200. When price = $14, quantity demanded = 1,025. When the firm lowered price from $14 to $12, it discovered that demand is_ _ _and total revenue __by a. elastic; increased; $14,400 b. elastic; decreased; $14,400 c. inelastic; increased; $50 d. elastic; increased; $50 e. inelastic; decreased; $3,150
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Please provide the work done :)
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