Use the price-demand equation to find the values of
The values of
(Simplify your answer. Type your answer in interval notation. Type an exact answer, using radicals as needed. Use integers or fractions for any numbers in the expression.)
Step 1 :Given the price-demand equation
Step 2 :The derivative of the function
Step 3 :We then substitute this derivative into the elasticity formula
Step 4 :The demand is elastic if
Step 5 :Solving the inequality
Step 6 :Solving the inequality
Step 7 :