Question: Consider the following demand equation. x = ( - 7 4 ) p + 1 4 Let x = f ( p ) , with

Consider the following demand equation.
x=(-74)p+14
Let x=f(p), with price p. Find f'(p).
f'(p)=
Find the elasticity of demand, E(p).
E(p)=
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at the price =5.
E(5)=
Consider the following demand equation. x = ( - 7

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