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Here is the question:
Calc price elasticity problem and demand? - Yahoo! Answers
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Here is a link to the question:Calc price elasticity problem and demand?
Suppose that 50000 people take city buses each day and pay for a ticket. A regression model suggests that the number of people taking city buses at price p dollars per ticket is given by
x=50000*sqrt(6−p)
(a) Evaluate the price elasticity of demand at \$5 per ticket.
E(5)=
(b) For what value of p is the demand unitary?
p=
Calc price elasticity problem and demand? - Yahoo! Answers
I have posted a link there to this topic so the OP can find my response.