# In Problem use the pricedemand equation p + 0.004x = 32, 0 p 32. Find the elasticity of

## Question:

In Problem use the price–demand equation p + 0.004x = 32, 0 ≤ p ≤ 32.

Find the elasticity of demand when p = $16. If the $16 price is increased by 9%, what is the approximate percentage change in demand?

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**Related Book For**

## College Mathematics For Business Economics, Life Sciences, And Social Sciences

**ISBN:** 978-0134674148

14th Edition

**Authors:** Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

**Question Details**

Chapter #

**10**Section: Exercises 10.7

Problem: 54

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