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Part 1 of 2 points O Points: 0 of 1 Save Use the price-demand equation p + 0.005x = 48, 0 sp s 48. Find

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Part 1 of 2 points O Points: 0 of 1 Save Use the price-demand equation p + 0.005x = 48, 0 sp s 48. Find the elasticity of demand when p = $16. If the $16 price is decreased by 4%, what is the approximate percentage change in demand? The elasticity of demand when p = 16 is. (Type an integer or a simplified fraction.) 1, of n example Get more help

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