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. $ p = - {/color{black}0.07} x^2 - {/color{black}0.7} x + 6$ Compute the elasticity of demand when x = 5. (Round your answer to two decimal places.)
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Home » Business » 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. $ p = - {/color{black}0.07} x^2 - {/color{black}0.