Hello. Please help me solve these. (include explanation)
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Me-Tube manufactures bodysuits. The demand function for their suits is x = f(p) = 650 - 2p The demand f(p) is the number of suits that can be sold at a price of p dollars. a. What is the rate of change in demand at a price of $200.00 per suit? suits per dollar Preview b. What is the relative rate of change in demand at a price of $200.00 per suit? Write your answer as a percent rounded to 2 decimal places. % suits per dollar Preview Get Help:A company manufactures and sells x clocks per week with weekly price-demand function: f(p) = 20 - 2p where p is the price per clock. a. Compute the elasticity of demand function, E(p), for this demand function. E(p) = Preview b. At p = 2, a price increase of 2 % will create a demand decrease of what percent? Round to 2 decimal places if necessary. % decrease Preview Get Help:The price-demand equation is given by x + p = 60000. a. Write demand as a function of price. f(p) = Preview b. Find the elasticity of demand at a price of $20, 000 rounded to 2 decimal places. Preview c. If the price increases 3 % from a price of $20, 000, what is the approximate (percentage) decrease in demand? Round to 2 decimal places. % decrease Preview Get Help:The elasticity of demand for a wigit is E 2p (1') _ 600 2p where p is the price (in dollars) of one wigit. a. At what price is the elasticity of demand unitary (unit)? "6:1- 3). If the price increases by 3 % from $100 per wigit, what is the new price? 35:]- c. If the price increases by 3 % from $100 per wigit, what is the approximate percentage change in demand? :1 % decrease in demand Get Help: Suppose that the Ace company makes wigits and that the price demand function for wigits is f(p) = 80 - p where demand is measured in number of wigits and price is measured in dollars. a. Given that prices cannot be negative and that demand should be zero or more, what domain makes business sense for the demand function? Use inequality notation. Preview b. The elasticity function for wigits will be E(p) = P 80 - P Where will the vertical asymptote be? P = c. The elasticity function measures how sensitive demand is to price changes The domain of the elasticity function is bounded above by 80 because for prices over 80, demand would | v Select an answer Inelastic Get Help: Elastic Negative Positive