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A garden shop determines the demand function q=D(x)=2x+500/10x+9 during early summer for tomato plants where q is the number of plants sold per day when
A garden shop determines the demand function q=D(x)=2x+500/10x+9 during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant.
(a) Find the elasticity.
(b) Find the elasticity when x=5.
(c) At $5 perplant, will a small increase in price cause the total revenue to increase ordecrease?
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