Question: The demand function for a product is modeled by p = 4 0 0 2 x , 0 x 2 0 0 , where p
The demand function for a product is modeled by
p x
x
where p is the price per unit in dollars and x is the number of units.
a
Determine when the demand is elastic and inelastic. Enter your answer using interval notation. If an answer does not exist, enter DNE.
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