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
Answer: The required ratio is 1:1.
Step-by-step explanation:
Let the total number of CDs be 100
of CDs is given by
According to question,
of her Jazz CDs represents
of all her CDs.
Let the number of Jazz CDs be x
So, it becomes
So, Number of Jazz's CDs is 50
Number of Jazz non CDs is given by
Ratio of her CDs to her non- CDs is given by
Hence, the required ratio is 1:1.