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The demand function for a certain make of ink-jet cartridge is the following where p...

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Accounting

The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.

Compute the elasticity of demand when x = 7. (Round your answer to two decimal places.) Determine whether the demand is inelastic, unitary, or elastic when x = 7.

Group of Answer Choices:

elastic

inelastic

unitary

Answer & Explanation Solved by verified expert
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