Question: 11. The demand 1: units for a certain commodity is related to the unit price p (Si) by the equation: 33'.)2 + (p + 5).):


11. The demand 1: units for a certain commodity is related to the unit price p (Si) by the equation: 33'.)2 + (p + 5).): = 275 (a) Find dp by implicit differentiation. x p/x dp/dx (x, p) = (20,5). Would revenue be increased by a small increase in the price? Explain briey. (b) Calculate the price elasticity of demand E = ' at the point
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