Question

The demand function for a particular pair of sunglasses is p = 145 - 0.085q. (a) If the sunglasses are priced at $65, how many pairs can be sold? (Round your answer to the nearest integer.) pairs (b) Compute the elasticity of demand when the sunglasses are priced at $65. (Round your answer to two decimal places.) At this price, is the demand elastic or inelastic? The demand is elastic. The demand is inelastic.

          The demand function for a particular pair of sunglasses is
p = 145 - 0.085q.
(a) If the sunglasses are priced at $65, how many pairs can be sold? (Round your answer to the nearest integer.) pairs
(b) Compute the elasticity of demand when the sunglasses are priced at $65. (Round your answer to two decimal places.)
At this price, is the demand elastic or inelastic?
The demand is elastic.
The demand is inelastic.

The demand function for a particular pair of sunglasses is
p = 145 - 0.085q.
(a) If the sunglasses are priced at 65, how many pairs can be sold? (Round your answer to the nearest integer.) pairs
(b) Compute the elasticity of demand when the sunglasses are priced at65. (Round your answer to two decimal places.)
At this price, is the demand elastic or inelastic?
The demand is elastic.
The demand is inelastic.

Added by Michael H.

Calculus: Early Transcendentals

James Stewart 8th Edition

Instant Answer

Solved by Expert Ma. Theresa Alin

04/03/2022

Step 1

0859q, where p is the price and q is the quantity demanded. We can rearrange this equation to solve for q: 0.0859q = 145 - p q = (145 - p) / 0.0859 If the sunglasses are priced at $65, we can substitute p = 65 into the equation to find the quantity demanded: q = Show more…

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The demand function for a particular pair of sunglasses is p = 145 - 0.085q. (a) If the sunglasses are priced at $65, how many pairs can be sold? (Round your answer to the nearest integer.) pairs (b) Compute the elasticity of demand when the sunglasses are priced at $65. (Round your answer to two decimal places.) At this price, is the demand elastic or inelastic? The demand is elastic. The demand is inelastic.