Use the price-demand equation p +0.004x = 60, 0≤p≤60. Find

Last updated: 7/21/2022

Use the price-demand equation p +0.004x = 60, 0≤p≤60. Find the elasticity of demand when p = $24. If the $24 price is decreased by 3%, what is the approximate percentage change in demand? The elasticity of demand when p = 24 is 2/3. (Type an integer or a simplified fraction.) If the price is decreased by 3%, the demand approximately %.