When an electronics store prices a certain brand of stereo at p hundred dollars per set, it is found that q sets will be sold each month, where q 2 2p 2 41 a Find the elasticity of demand for the stereos b For a unit price of p 4 ($400), is the demand elastic, inelastic, or of unit elasticity

Question: When an electronics store prices a certain brand of stereo at p hundred dollars per set, it is found that q sets will be sold

When an electronics store prices a certain brand of stereo at p hundred dollars per set, it is found that q sets will be sold each month, where q² + 2p² = 41.

a. Find the elasticity of demand for the stereos.

b. For a unit price of p = 4 ($400), is the demand elastic, inelastic, or of unit elasticity?

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