The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p=-0.02r²-0.2x+6 Compute the elasticity of demand when x = 11. (Round your answer to two decimal places.) 0.22 X Determine whether the demand is inelastic, unitary, or elastic when x = 11. O elastic Oinelastic O unitary

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Chapter3: Demand Analysis
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The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
p= -0.02x² -0.2x+6
Compute the elasticity of demand when x = 11. (Round your answer to two decimal places.)
0.22
Determine whether the demand is inelastic, unitary, or elastic when x = 11.
elastic
inelastic
O unitary
Transcribed Image Text:The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p= -0.02x² -0.2x+6 Compute the elasticity of demand when x = 11. (Round your answer to two decimal places.) 0.22 Determine whether the demand is inelastic, unitary, or elastic when x = 11. elastic inelastic O unitary
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