Question: Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for SkanDisc 2GB thumb drives is given by p = 2(x

 Rates Course Packet on computing elasticity of demand using implicit differentiation

Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for SkanDisc 2GB thumb drives is given by p = 2(x + 2) e-x/2 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 = 4. Do not round your answer. Price, p= dollars Use implicit differentiation to compute the rate of change of demand with respect to price, p, when x = 4. Do not round your answer. Rate of change of demand, x' = thousands of units per dollar Compute the elasticity of demand when x = 4. Do not round your answer. Elasticity of Demand =

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