Implicit Differentialon & Related Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for Wally Winka's Neverending Lollipops is given by P = (10 - >)In(x + 7) where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand, Compute the price, p, when x = 5. Do not round your answer. Price, P = Use implicit differentiation to compute the rate of change of demand with respect to price, p, when x = 5. Do not round your answer. Rate of change of demand, x' = Compute the elasticity of demand when x = 5. Do not round your answer. Elasticity of Demand =