The demand function for a certain make of exercise bicycle sold exclusively through cable television is p=9−0.02x−−−−−−−−√(0≤x≤4
50) where p is the unit price in hundreds of dollars and x is the quantity demanded per week. Compute the elasticity of demand and determine the range of prices corresponding to inelastic, unitary, and elastic demand. Hint: Solve the equation E(p)=1.
1 answer:
You might be interested in
9514 1404 393
Answer:
(5, 8)
Step-by-step explanation:
The circumcenter of a right triangle is the midpoint of the hypotenuse.
O = (A +C)/2
O = ((2, 6) +(8, 10))/2 = (2+8, 6+10)/2
O = (5, 8)
The circumcenter is (5, 8).
